you gotta be kidding. back in the day, photographers used to be able to sell the right pictures to publications for bank, often enough to make a living if they were good enough. Now picture taking is a dime a dozen.... Totally shrunken market.
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Same today...celebrity babies, scandals, but what you're talking about has to do with market saturation. That doesn't mean there aren't a lot of people making money off photography. I'm confused what your point is.

the Internet has shifted power from the old guard to the people. Look at all the creative shyt people are doing on YouTube and on podcasts. We are getting rid of all the gatekeepers and putting that power into the hands of the creative types that used to get the shaft in the past.