As a point of reference, a DJ charging $475 in 1983 (adjusted for inflation) is the equivalent earning level of a DJ charging $1,240 today.
Here's the rub:
If we are talking purely about the ability to create a more than desirable playlist and present it with skilled mixing - then you can't simply claim to be worth more due to inflation because that skill set is no longer unique to professionals as opposed to consumers. Technology has greatly reduced the cost and value.
If on the other hand we are talking about unique talents like emcee, dancer, singer, etc. (entertainment) then those skills still remain unique - and one should expect to see prices tracking with inflation.
This is similar to what we saw with careers in Information Technology. For a while - the hot jobs were all in the IT industry and with very high salaries. Then the plug-and-play technology began to erode key responsibilities and at the same time consumers grew more tech savvy. IT jobs today are like being the HARE who at every pause in the race is faced with a TURTLE who requires less and less time to overtake him. The race to stay relevant with respect to wages keeps accelerating.
Here's the rub:
If we are talking purely about the ability to create a more than desirable playlist and present it with skilled mixing - then you can't simply claim to be worth more due to inflation because that skill set is no longer unique to professionals as opposed to consumers. Technology has greatly reduced the cost and value.
If on the other hand we are talking about unique talents like emcee, dancer, singer, etc. (entertainment) then those skills still remain unique - and one should expect to see prices tracking with inflation.
This is similar to what we saw with careers in Information Technology. For a while - the hot jobs were all in the IT industry and with very high salaries. Then the plug-and-play technology began to erode key responsibilities and at the same time consumers grew more tech savvy. IT jobs today are like being the HARE who at every pause in the race is faced with a TURTLE who requires less and less time to overtake him. The race to stay relevant with respect to wages keeps accelerating.
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