I see it from the opposite side of the coin. My wife always wanted to be an author. She finally started writing about 18 months ago and quickly found a publisher to sign on with. She is now making good money.
I think that e-readers have made it much easier for up and coming writers to make entry into the market. Did you know that "50 Shades of Gray" was originally released for free because nobody would publish it? It was downloaded enough that publishers noticed it's success and signed the author up.
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Wants a G41