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Megan McArdle

Megan McArdle - Megan McArdle is a senior editor for The Atlantic who writes about business and economics. She has worked at three start-ups, a consulting firm, an investment bank, a disaster recovery firm at Ground Zero, and The Economist. More

Megan was born and raised on the Upper West Side of Manhattan, and yes, she does enjoy her lattes, as well as the occasional extra-dry skim-milk cappuccino. Her checkered work history includes three start-ups, four years as a technology project manager for a boutique consulting firm, a summer as an associate at an investment bank, and a year spent as sort of an executive copy girl for one of the disaster-recovery firms at Ground Zero … all before the age of 30.

While working at Ground Zero, Megan started Live From the WTC, a blog focused on economics, business, and cooking. She may or may not have been the first major economics blogger, depending on whether we are allowed to throw outlying variables such as Brad Delong out of the set. From there it was but a few steps down the slippery slope to freelance journalism. She has worked in various capacities for The Economist, where she wrote about economics and oversaw the founding of Free Exchange, the magazine's economics blog. She has also maintained her own blog, Asymmetrical Information, which moved to The Atlantic, along with its owner, in August 2007.

Megan holds a bachelor's degree in English literature from the University of Pennsylvania and an M.B.A. from the University of Chicago. After a lifetime as a New Yorker, she now resides in northwest Washington, D.C., where she is still trying to figure out what one does with an apartment larger than 400 square feet.

Blogging goes professional

By Megan McArdle
Apr 25 2008, 6:03 PM ET Comment

I was at lunch with some blog people today, one of whom wants to recruit an economics blogger and asked for names. I basically drew a blank. All of the high-traffic economics bloggers I read are either professors, in some similarly rewarding profession, or already tied up by a media organization.

I think this is becoming broadly true of the wider blog world: the biggest bloggers are either professionals, or they have an even more lucrative job. I blogged the primary from Matt's house on Tuesday, and almost everyone in the room were being paid to blog. Two years ago, we were all amateurs. That's a skewed sample, of course, but all of us had relatively widely read blogs not only before we took a salary, but before we knew each other. I don't mean to say that there are no high trafficked policy blogs not run by professors or professionals, since this is clearly not true. But the numbers seem to be dwindling. And most of the obvious people of whom I would have said to any media organization "You should hire this blogger" seem to have been hired. I expect the rest to follow soon, since there are fewer arbitrage opportunities. There's a lot more amateur talent remaining in other fields, like science blogging, but I wonder how long this will last.

I'm not sure what this means for the blogging world. It's still largely an amateur medium, but it's hard to see how many new bloggers can compete with someone who gets paid to do it, unless they are independently wealthy or have a job, like journalism or academia, that routinely throws them a lot of bloggable material. Will it become as hard to break into blogging as it is to break into print?

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