robertwrightphoto.com » Blog Archive » The credit bubble and emerging photographers

This is a must read article from Robert Wright. For me the money quote is here... but you gotta read it all.

robertwrightphoto.com » Blog Archive » The credit bubble and emerging photographers: "You can think of the term “emerging” as a kind of leverage itself. It is a term that is euphemistic at best. I think the term was a way to sell new photographers into the market at a faster pace than the market was actually responding, but you didn’t notice this in the frenzy. And by frenzy I am speaking of the explosion of blogs, contests for emerging photographers, and also the “leverage” (read onslaught) experienced this last year at openings and festivals. Wall to wall. Way beyond the actual growth of the industry. Everyone has always wanted to be a photographer, as a cliche, but this was different."

Well stated.