Recently, the Bookseller and the BBC both published articles on the early results of an Author’s Licensing and Collection Society (ALCS) report called ‘What are words worth now?’. It’s no suprise to learn that the headline news is that the average UK professional (full time) author earns just £11,000, down from £12,330 in 2006. The reality is much worse: the infamous ‘real terms’ drop is from £15,450 and the average income of all authors is only £4,000. :wince: The ALCS report mentions the £16,850 Minimum Income Standard – that required to maintain a minimum standard of living – and suggests this disparity may be why full-time authors are in a decline.
Am I allowed a moment of sarcasm? What a surprise.