Very few go into the arts expecting a high income, they do so because they enjoy it. Likewise, the very fact that people pay for the arts – both through their own purchases and social funding, suggests that the pleasure that performance - and other creative arts – gives is recognised by wider society. The output of the Arts sector provides entertainment and pleasure to others in a way that really cannot be said of, for example, banking or derivatives brokerage.  By the by, it would also be interesting to see how any graduates in, say, the humanities are likely to match the earning potential of a movie star or an ‘it’ artist.