I am fortunate to be working as a staff photojournalist (read: I make 100% of my living doing this) for a wire service for the past 16 years, and in that relatively short time I have seen how the business has changed with the arrival of inexpensive digital cameras, laptop computers, and internet access.
The reason I posted those links to John Harrington's blog (his book Best Business Practices for Photographers is a must read) regarding istockphoto is that I want people to be aware of how operations such as these are killing the business. They are grossly undercharging clients and underpaying contributors.
In this terrible advertising climate magazines are hurting so I can imagine that they are thrilled to pay $30 for a stock image (rather than $3000). But they are shooting themselves in the foot. Bean counters will see that it can be done with less. If it can be done for $30, future magazine budgets will be cut even further. Already, most of the news magazines (Time, Newsweek, etc.) have gotten rid of their contract photographers. The "staff magazine photographer" was long gone before that. It has become more difficult to "make a living" as a photographer.
The statement that those of us who are fortunate enough to have a job in this business and are "working in a stock like capacity" is just not correct. If you look at the total number of photographers shooting the news photos -- AP, Reuters, AFP, European PressPhoto Agency (EPA), CP, and Getty Images -- whose images you mostly see in the mass media -- this is not a small number.
And to say those who are shooting for wire services "is not in depth photojournalism" is an insult. Do you mean to tell me that the wire service photographer who lives in some location for years, who covers that country's elections, natural disasters, social unrest, sporting events, daily life, etc. compared to a photographer who parachutes in (and more likely than not calls up the local wire service photographer to see whats going on) and works for a few days and shoots a story or two, is less in depth? Please.
My colleagues and I are paid to cover the news, not to shoot for stock purposes. Covering the news is what a wire service does. The wire services and even Getty Images (who are in the business of selling photos) employs staffers and contracts freelancers (and I say CONTRACTS, because no one should be doing it "on spec") to be situated in certain places so they can be there when the news happens, to provide these news pictures for the news service which most clients get by subscription. And for the few clients that do not subscribe, a space rate is charged.
But I digress.
I think it's great that there are outlets on the internet for people to get their work seen and sold. But in the case of istockphoto and accepting $30 for your work... it undermines it for everyone. Professionals and part-time professionals included.