One might assume a softer industry like arts and culture would not have much of an effect on the broader economy, but job creation and loss is not confined to the industry in which it begins. Every job, created or lost, ripples throughout each industry, indirectly causing far-reaching effects.
According to an analysis published by the Economic Policy Institute, the arts, entertainment, and recreation industry is the second highest in job creation for every $1,000,000 invested. The ripple effect shows how even the intangible enjoyment of arts and culture bolsters the balance of our economy.