I don't think the BCD effect goes as far as you say. In a nutshell, the effect is that because artists can make $X working day jobs, you have to pay O($X) for t

I don't think the BCD effect goes as far as you say. In a nutshell, the effect is that because artists can make $X working day jobs, you have to pay O($X) for them to perform. But this effect stops working before artists price themselves out of the market, because artists actually like performing and adjust their price to clear the market. This is why you can hire a really good band to play at your party for only several hundred bucks.