In America today, there are almost as many people making their living as bloggers as there are lawyers. Already more Americans are making their primary income from posting their opinions than Americans working as computer programmers or firefighters.
I'm guessing the American standard of living, according to the Wall Street Journal, now hovers somewhere around the wages Nike pays in Indonesia.
Now, I'm sure there is a small number of people who can actually be prolific enough and charismatic enough to make a go of blogging full-time. You can sell ad space, after all, and its possible the statistics the WSJ includes in their article are skewed by revenues people make who sell their own shit on their websites like their own books and stuff.
But nearly every blog I visit, and I visit many of the largest ones, right and left, is practically begging for donations. Even The Corner, which is sponsored and funded in part by the odious "National Review" magazine, has had to hold two online fundraisers to defray costs.
And Pajamas Media, which was supposed to be the Life Magazine of blogging right-wingers, only without the pictures...or intellect...or snappy prose...or, hell, not even the Life Magazine of the dung pile!...folded unceremoniously.
So I think, WSJ, you messed up here.