The next episode of 'The Business of Life' looks at two creative industries going in seemingly opposite trajectories: the fine art world, where the sky is seemingly the limit for the prices collectors are willing to pay; and the music industry, where the free-fall of record company profits has only recently begun to slow.But at the root of each sector's rising or declining fortunes is the underlying question: How should we compensate artists? And what value do cultural products create in a society? To get to the bottom of the issue, we've tapped the former New Yorker pop critic Sasha Frere-Jones, award-winning artist Ryder Ripps, and Glenn O'Brien, the founder of TV Party, original editor of Interview Magazine, and a former member of Andy Warhol's Factory.Watch "How the US Workforce is Changing (Episode 1)"Watch "This is the Modern American Family (Episode 2)"
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What’s the Value of Creativity? - The Business of Life (Episode 3 Trailer)
In next week's episode, we discuss the value of creativity: How should we compensate artists? And what value do cultural products create in a society?