Wednesday, 28 November 2007

Cashing up, cashing down

The perennial argument about whether people in publishing are paid enough has raised its head again, with that current zeitgeist twist being a well-subscribed Facebook group bemoaning the lack of decent salary. I’ve been there myself – when I started out years ago, my salary was well down on what friends in other industries were earning. It’s a situation exacerbated by the fact that publishing is almost exclusively London based, which doesn’t exactly help in making the money go far. But it’s a situation that’s not going to change in the short term, for simple reasons of supply and demand. I’ve been interviewing for a new assistant in the past couple of weeks, and both the number and standard of applications is remarkable: scores and scores of good, bright, well-educated graduates eager to get their first foot on the ladder. The truth is that for everyone complaining about how much they are getting paid, there are many more people who would love to be in a position to have something to complain about.

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