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7 - Labor

Published online by Cambridge University Press:  23 July 2021

Amy Whitaker
Affiliation:
New York University
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Summary

In this chapter we explore labor as a special category of markets. The supply of labor is governed by two forces – the income effect and the substitution effect. Workers supply their labor in ways that are reflected in a backward-bending supply curve. Workers are willing to take more paid work up to a point at which the opportunity cost of leisure becomes so great that the worker will no longer trade leisure for income. In the arts, so many forms of labor are uncompensated or not sustainably paid. We consider the early history of the Hansa Gallery in the 1950s as a case in point. We look at unions and collective bargaining as strategies and we look at diversity, equity, L16and inclusion as a cost of labor policies. For artists, the organization W.A.G.E. tries to lobby collectively for artists to be paid exhibition fees.

Type
Chapter
Information
Economics of Visual Art
Market Practice and Market Resistance
, pp. 177 - 197
Publisher: Cambridge University Press
Print publication year: 2021

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  • Labor
  • Amy Whitaker, New York University
  • Book: Economics of Visual Art
  • Online publication: 23 July 2021
  • Chapter DOI: https://doi.org/10.1017/9781108649919.009
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  • Labor
  • Amy Whitaker, New York University
  • Book: Economics of Visual Art
  • Online publication: 23 July 2021
  • Chapter DOI: https://doi.org/10.1017/9781108649919.009
Available formats
×

Save book to Google Drive

To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Google Drive.

  • Labor
  • Amy Whitaker, New York University
  • Book: Economics of Visual Art
  • Online publication: 23 July 2021
  • Chapter DOI: https://doi.org/10.1017/9781108649919.009
Available formats
×