On a slightly lighter note I think it is also worth bearing in mind that there are less people reading and more and more people writting. When I think about it my mind boggles... I think that one in five people must be writting a book or something?!?
If the average agent is receiving maybe 70 books a week (and lets make this clear that we are talking about NEW and UNPUBLISHED writers and not the writers they already represent) and in a good year they may take on a dozen new writers then the odds are 1/280 that they will take a writer on.
Now as bleak as that seems all is not lost because we are just talking about literature (I mean books) here. There are so many other mediums one can write for. TV, Film, Theatre, Radio etc etc... you can write for the Net, you can write for the press, advertising, blah blah blah... There are so many possibilities now for writers, that is why there are so many of them and also why it is so competative.
Incidentally, if you want to write for money then I would reccommend writing for TV, less competition and better income, especially if you can write a sitcom. I think the lowest income is from writing plays which is a shame as this is my greatest passion. Competition is also fierce here because theatre tends to be a bit anal about what it will show and that is why at any given time you can find a Shakespeare production but not any new wrtiting.
I think its sad that new theatrical writing tends to be limited to London, Edingborough (I cant spell the s*dding place let alone get anything performed there! - my spelling might actually have something to do with it now that I think about it) and a few other cities. This is another issue I guess.
And before someone responds whinging that TV is competative, I agree it is but I think that is because of the money grabbers, there are many writers who I think are great but wouldnt consider writing for television because of the sensorship, hence why theres so much trash on TV, granted some good stuff gets through but I think many new writers who have something to say or a message to get across approach TV as a last resort. I know of well known theatrical writers who have written great programmes for TV but they were axed as they were considered too political etc etc...
Boy, I could waffle all day... shame I dont write this much
<Added>Im not a last word freak honest... I just like a good debate!