Ah - the "market" - always a complex matter. It's possible to earn a living from music, and I think that the factors which contribute being able to do this include any or all of: sheer musical ability stamina and perseverance contacts ability to perform/entertain ability to make, promote and sell records teaching studio arrangement and production You may think of others. I've always made money from music, but stopped doing it as a full-time professional when the sheer grind of playing the same things, or nearly the same things, night after night, turned a love of the music into a boring job - with loadsa travel thrown in. It wasn't the music I play now, but I could envisage the same thing happening in any musical type. I would guess that the students at Newcastle would be taught all these aspects of the profession, and be well aware of the difficulties before trying to get on the merry-go-round.
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