Medium’s Unsustainable Compensation Model
I have always liked Medium and the ease of writing articles and publishing them on Medium. And, at least in the beginning, I didn’t mind the low compensation.
Here are three of my best performing articles, the number of readers, and the month and year they were published.
Sept 2021 — 2.7K readers; lifetime earnings: $232.00
June 2022 — 2.7K readers; lifetime earnings: $130.00
March 2023 — 3.4K readers; lifetime earnings: $3.82
Do you notice a trend or pattern emerging? I definitely do.
For those who don’t see it, note the decimal point position.
Yes, I am aware that Medium has a bunch of cool ways of describing how they determine earnings, but the proof is in the three examples above. See for yourself.