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Professional Author Earnings Sliding

By 18 July 2018May 18th, 2022No Comments

In June Publishers Weekly published an article on professional authors and how earnings had been dropping by 47% since 2005 and by 15% since 2013.

They reported that in 2005, 40% of professional writers earned their income solely from writing but that the figure had fallen to 13.7% by the end of last year.

The fall in writer incomes comes against the backdrop of the expansion of the U.K.’s creative industries, now valued at £92 billion and growing at twice the rate of the rest of the U.K. economy.

At the Society of Authors, chief executive Nicola Solomon said: “This decline is extremely disturbing.” She went on to say that “if authors can no longer afford to make a living from their work, the supply of new and innovative writing will simply dry up.”

This may well assist the self-published author or “part-time” author in getting there names out there.

You can read the full article here.

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