Earlier quoted context omitted.
I wonder how much of that mercenary approach to blogging today resulted ultimately from the 2008 crisis. It feels like there was less pressure to make ends meet, and consequently no pressure to hustle, before that. And maybe it is also the influencer self-branding culture of Instagram being seen as the default internet, so when people do alt-internet things they carry over those same values knowingly or unknowingly.
Additional factors that come to mind: the slow realization that you could be writing for an audience of one (yourself) after a brief surge of "famous bloggers"; and the rise of other forms of writing (social media, etc) that at least give you the illusion of an immediate audience. "Engagement metrics" and so on -- even if they represent the opposite of attention. I think a lot of what used to go onto blogs now goes e…
There are other ways to monetize, which doesn't depend on a lot of eyeballs. If you write high quality niche content and sell related products or services, then each eye ball can be worth a lot.