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Writers Find Blogging To Be a Stressful Method of Reporting
Andrew Feinberg points out a New York Times story about the stress put upon prolific bloggers to maintain a constant flow of content in order to satisfy both consumers and advertisers in the information age. When breaking a story first can generate thousands more page views and clicks, many bloggers are finding themselves chained to their computers, worrying that they'll miss something important if they step away. Quoting:
" 'I haven't died yet,' said Michael Arrington, the founder and co-editor of TechCrunch, a popular technology blog. The site has brought in millions in advertising revenue, but there has been a hefty cost. Mr. Arrington says he has gained 30 pounds in the last three years, developed a severe sleeping disorder and turned his home into an office for him and four employees. 'At some point, I'll have a nervous breakdown and be admitted to the hospital, or something else will happen. This is not sustainable,' he said."
I doubt "millions" refers to earnings. It likely refers to revenue. So after a few "millions" in revenue he has to pay tax and any expenses including salary, benefits of staff. It divides up pretty quick. Plus the owner has been drawing salary and dividends in the meantime.
Plus if you think you can retire on what's leftover there I think that is a bit unrealistic. Say he has 1M leftover. Assuming a risk-free rate of 5% that's $50,000 per year. That used to be a starting California programmer's salary in the late 90's. I don't know about anyone else but I didn't feel rich. You definitely cannot support a family on that supposing he has one. Certainly you won't be renting an island, a chef and prostitutes for $50K/year.
-- John.
if you are making millions, rent an office and hire some reporters. no sympathy here.
Don't point that gun at him, he's an unpaid intern!
Actually, there are quite a few PhDs out there blogging. They are hardly "useless in their fields", at least the ones I read; they tend to be some of the more high profile people (and the blogs simply give them an even higher profile). Two cases in point for economics: Greg Mankiw's blog and Marginal Revolution, a blog by two George Mason profs with occasional guest bloggers.
Blogging is actually fairly amenable to the goal of many academics: to share information and debate about it. The biggest downside that I see is that blogging is fairly time consuming. Mankiw turned off comments to his blog because he didn't have time to moderate them, so his blog became more of a one-way street.
Of course, econ is just one field; I honestly don't know how prevalent blogging is in other fields.
"The universe seems neither benign nor hostile, merely indifferent." --Carl Sagan
Physical inactivity and long hours at the computer have many physically unhealthy aspects.
Another aspect, unreported in mainstream press asfaik, is the prevalence of blood clots that long hours at a computer can create in people. This once was only associated with long airline flights. Now it is occurring in programmers and others who sit in front of a computer for long periods of time.
More information at Long hours at computers may cause blood clots.