Monday, March 12, 2007

Authors getting poorer

New research reveals that, while superstar authors may be thriving, most novelists are struggling to make a living, reports Cole Moreton in The Independent.
The average author earns about £16,000, a third less than the national average wage, it is revealed. So what? They're doing what they love. But hidden behind that figure released by the Authors' Licensing and Collecting Society (ALCS) is a grimmer truth: when you take away the superstars who are earning shedloads, the actual figure for the rest is closer to £4,000.

That's less than it was last time anyone looked, seven years ago, and far less than the distant days when the Net Book Agreement kept prices high. Forget living on baked beans in a garrett; this is barely enough to buy stale bread and a tarpaulin for shelter.

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