CRI 400 Chapter Notes - Chapter 7: Sunk Costs, Social Inequality, Social Capital
22 Feb 2016
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Document Summary
Claim: ci offers opportunities for all, free of old social inequalities. But: in focusing on creative talent, overlook other characteristics of ci. Disable comprehensive account of ci model which contains systemic social inequalities. Ci: continuing appeal is in promise of new avenues of enhancement and unfettered social mobility. Creative industries model of production: specific conditions for work and employment = social inequality. Consumer demand is volatile, dependent on subjective taste, high product market risks, high sunk costs for first unit of production, only small percentage of creative products are profitable. Therefore because high risk, priority = flexibility to minimize costs and potential losses = project based production. Project: temporary commitment of resources, resources brought together in project ecologies instead of organizational production. Work and employment in ci: project based model means teams band/disband. Work is predominantly temporary, so employment instability is endemic. Workers cannot rely on steady employment and a big problem is wage instability.
