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Your Competition Doesn’t Exist
And it's not just about drawing advertising. Look how much money You Tube sold for. Is it right for only the carpenters to be paid when it was others who stocked the store with goods and made it worth buying?
Thing is, sites like Huffington and others make no bones about the fact that they don't pay, so you can't blame them for enforcing their own rules. YouTube, I'd say, is being smart in trying to share the riches, but in a sense they are changing the rules mid-stream and there are consequences for doing that.
In the end, it remains to be seen whether Hufffington will suffer from not paying writers or not.
If the market couldn't force these contributors to be paid, then it might say more about the contributors than anything else.
Mind you, that can shift based on market conditions -- if a critical mass of top sites start paying, then it will become mainstream. But it's not the main thing people seem to be looking for at this time.
On the flipside, could an argument be made that the attention and potential deals that they could make from the exposure make up for not being directly compensated?
Following on from Greg, if significant payments resulted, the semi-pros would be increasingly drawn in, & thereby over time squeeze out the 'have a go' amateur ethos which is what these sites originally provided a forum for.
Though, this is how it already is in terms of attention. Instead of vying for money, right now content producers are vying for eyeballs. And as is the case with most things, 90% of the eyeballs ends up looking at 10% of the content.
My question then is would it really be that different? Adsense seems to work, even though it is quite obvious that most people don't make a dime off of it.