As in other industries, rising profits are not being passed on to the people who are doing productive work.

Originally shared by Steve Turnbull

Some of us have been well-aware that the big five trad publishers have been screwing authors but that knowledge was perhaps based on anecdotal evidence, well the figures are in and it’s the book trade itself that’s saying it.

http://www.thepassivevoice.com/2018/03/the-profits-from-publishing-authors-perspective/

Trouble is they haven’t realised they are no longer the only game in town.

(Although I can just imagine one of their execs whining: “It’s all the fault of Amazon and its self-publishing, if people didn’t self-publish we wouldn’t have to do this to our authors.”)