Wednesday, December 1, 2010

Clever barometer on musician costs

So how are today’s musicians doing economically compared to past years? Not bad if you take the word of the 2010 PNC Christmas Price Index.® The Wealth Management division of Pittsburgh-based PNC Bank is just out with its 27th annual analysis of the gifts contained in The Twelve Days of Christmas.

The survey shows this year’s total price tag rose$1,974 to $23,439, a gain of 9.3 percent. One of the biggest factors was the added cost of wages and benefits impacting some entertainers

The cost of hiring the 11 Pipers Piping ($2,356) and 12 Drummers Drumming ($2,552) each rose 3.1 percent after seeing no rise last year. That’s good news, but a far cry from 1999 and 2003. In those years, both the pipers and drummers had raises exceeding 20 percent. Those were the only double-digit raises for musicians since the PNC index was started in 1984.

For the birds, you say?

You may be right. The Two Turtle Doves increased 78.6 percent to $100 and the cost of Three French Hens surged 233 percent to $150 this year. And the Partridge (not factoring in the Pear Tree) was up 20 percent to $12.

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