From http://b-oo-k.net/blog/blog.php/2008/354

“American literature has never been deeper and stronger and more various than it is now,” McGurl said in an e-mail message. Still, he added, “one could put that more pessimistically: given the manifold distractions of modern life, we now have more great writers working in the United States than anyone has the time or inclination to read.”

Self-publishing companies may produce books for less than $5, but how much does all this production cost readers? In “So Many Books,” Zaid playfully writes that “if a mass-market paperback costs $10 and takes two hours to read, for a minimum-wage earner the time spent is worth as much as the book.”

But for someone earning around $50 to $500 an hour, “the cost of buying and reading the book is $100 to $1,000” — not including the time it takes to find out about the book and track it down.
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