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.
