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593. You Can Make a Killing, but Not a Living

Freakonomics Radio

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Broadway actor discusses the financial reality of theater

Broadway actors often earn around $5,000 a week, but after deductions for taxes, representation, and personal expenses like hiring a publicist and stylist, the take-home amount decreases significantly. Negotiations for pay and profit-sharing are collectively done by the cast members and then presented to the producers. Despite the glamour of Broadway, sustaining a comfortable lifestyle, affording a family, and securing a future can be challenging, pushing actors to seek opportunities like TV series for higher earnings. Many people underestimate the financial struggles of Broadway performers and may not realize the financial stress and sacrifices required to pursue a career in theater.

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