It's a diverse market and both media have value
It's a diverse market and both media have value
based on individual preference. Discussing digital vs film on any level is akin to an atheist discussion religion with a Rabbi, a Minister, a Muslim, and a Priest. It's just going to drive someone insane.
I have a ton of film camera's and 2 digital (one a point and shoot and one a DSLR).
For the next three Saturdays, I am teaching intermediate digital photography for a half day each. Two weeks from now I am teaching a Photoshop Elements class for two days.
After each of those Saturday classes, I will likely pick up an old folder, or my Kiev rangefinder and go out to the river in the forest and shoot some film.
I can make a decent living teaching digital to newby's, either coming from film or just finally getting into photography. I wouldn't even attempt that on film.
The market is going where it's going. I am already getting repeats in the digital classes, because people don't apply what they learn, which tells me that the majority of the people out there have no loyalty to either media, nor are they concerned about the money end of the issue. They love the convenience of digital and may never go further than filling a memory card and driving down to the big box store and plugging their memory cards into a kiosk which spits out 19 cent prints. They do control how many prints they buy, so that's nice.
Professionals and others whose work involves photography have little choice, but I don't think even in their realm it is easy to translate the economic tradeoffs. The money spent for film and processing is traded for post processing time. So if a professional wants to tag his/her time at $75 to $120 per hour, similar to other certified professionals, like CPA's, Computer analysts or consultants, etc., then there is no doubt in my mind that paying for film and processing, proofing, and instructing a lab for printing, is somewhat less expensive than time spent post processing. That doesn't really speak to everything that must be considered to answer the original post.
None of that applies to hobbyists. It boils down to what we enjoy. Some of us actually enjoy walking into the store to drop off a roll of film for processing. And some of us get great enjoyment out of just walking up to a group of traditional film photographers and whispering the words "digital has arrived... film is dead"