Small Towns See Economic Boost from Creative Industries as Entrepreneurship Rates Rise
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Small towns like Catskill, NY are seeing economic growth from small creative businesses like cidery, apothecary, furniture makers, etc.
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Entrepreneurship rates hit a 24-year high in 2022 as people open creative businesses to avoid impending AI automation.
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Creative/maker economies can provide antidote to AI replacing entry level cognitive routine jobs.
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Initiatives like Upstart Co-Lab aim to fund creative industries as impact investments that can create middle-class jobs.
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Creative professions like artists and musicians may be most insulated from economic impacts of AI.