This is great news, Nicholas!
Of all the learned professions, literature is the most poorly paid.
—Dr. Edward Eggleston, 1890
Lately, I have taken to answer publishing-related questions on Quora. Yesterday, I came across someone who asked, What percentage of novelists earn a living wage (i.e. $40,000-$50,000 a year)?
After a little research, I came across some data that I think will be of interest to you, so I’m sharing here my response.
What Percentage of Novelists Earn a Living Wage?
Writing is typically a poorly paid profession—or so most people think. However, just how poorly paid it is, is a matter of some debate. Last year, the Authors Guild released an income survey with the usual “crisis” headline. However, a large number of respondents reported little or no income. Once you filter out these people, the numbers are quite different.
As Publishers Marketplace explains, the median income for full-time published authors, once you remove…
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