Afaik, the reason artists were devalued throughout history was due to two facts:
Lack of abundance in the ancient economy
Which is why I find the idea of turning into more of a knowledge age economy unrealistic. It makes the assumption of permanent abundance on the lower levels of things like Maslow's pyramid (or whatever sociology mechanism you subscribe to), thus forcing the price of those things lower, while giving greater, perhaps unwarranted value (a bubble) to things higher on the pyramid (entertainers). The fact is, things like the amount of life in the sea and the wild are decreasing, which is diametrically opposed to the functionality of this age of abundance. Not to mention that such a thing would probably require a flatlined or decreasing population and more intrusive, tyrannical government, with even more power to regulate all aspects of things like copyright.
From doing a brief inventory of the world, it's kind of obvious we're already in this so called knowledge age right now, probably peak knowledge age, at least for our lifetimes, due to the fact that population is still increasing. Unless population decides to take an immediate nose dive to sustainable, pre-industrial revolution levels (500 million), I see the value of the lower levels of the pyramid (food, housing, etc) increasing, which they are, and the more frivolous things like entertainment decreasing in comparison (bubble dies).
Even if you claim technology and robotics will infinitely scale the lower levels of Maslow's pyramid beyond all human needs, the specialization of skills required to make them function will lead to increased centralization and monopoly to do whatever they want with the price (already happening with Monsanto and we're still relatively low tech).
As for human population, yea, I'm aware how some people forecast we will hit something like 8 billion then start going down, but nothing like this is set in stone. Humans can only survive by all of them converting to K selection theory. I think most people who actually work in this field claim that all humans are K selection by default, which seems like complete bullshit to me. You can find huge differences by looking at different ethnic groups alone, possibly from colder vs warmer climates as well.
This is why national sovereignty is such an important thing. Nations that don't implode obviously have converted to K selection, then you have people from Marxist, organized Jewry coming along and saying, whoa, homogeneous society is bad (except for Israel of course), it's time for us to use the most powerful lobby in the world (AIPAC) to force you to import some 3rd world R-selection rapefugees to destroy your civilization. And this is what they have done by overthrowing the 1924 and 1965 immigration act of America. Their latest foray into blatant hypocritical behavior and destruction of the entire planet is exporting all their K selection refugees out of Israel and into Sweden. Even though both countries are similar population, Israel said the refugees were a threat to the destruction of the Jewish state, but hey, who cares if Sweden is destroyed right?
http://www.europeanguardian.com/81-uncategorised/immigration/635-israel-is-shipping-its-deported-africans-off-to-swedenhttp://www.jpost.com/National-News/Eritrean-migrants-resettled-from-Israel-to-Sweden-337414[/list]
So yea, you're not getting any knowledge age as long as you have the all powerful, organized Jewish lobbies attempting to force multiculturalism upon all nations. Which in reality just means dumping as many K selection groups as possible on top of your functional society to destroy it. It's no coincidence this is happening right now either. Right at the opportune moment when bankers are at their weakest an in danger of being overthrown, they wanted to give you a more immediate problem to deal with to distract you.