I don't see it as a dead career as there are still bloggers creating and earning from it. I think where there may be a problem is the particular niche or style of creating blogs and the creativity. There has to be an audience consuming the content and people are drawn toward blogs that keep them hooked not just with the written content but also visuals.
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I agree blogging is not 'dead' but it has shrinken much comaring to its golden days.
Well, I actually feel it's more now, maybe because I wasn't aware of it in it's golden days.