Just a prediction here, so take it for what it's worth, but my hunch is that the profession of writing is going to fragment into more and more subsets in the coming years. At the low end of the totem pole -- what we'll call "low-value" writing -- will be the sorts of articles that software can eventually automate. Things like news updates, information dumps, how-to pieces, lists, summaries, and so forth. Much of what traditional journalism would call "news" stories, and what magazine journalism would call "informational" pieces, fall into this bucket. In these sorts of articles, substance is more important than style. These pieces are all about the facts, or summations of the facts. Or, in the case of content farms, they're about relaying and recombining information in endless mixes, using provocative headlines. You don't need a Pulitzer-caliber author to crank these out. Hell, pretty soon you won't even need a human to crank them out. It's no surprise that this type of writing doesn't pay well, because frankly, it's the fast food of journalism. It's cheap, it's disposable to the consumer, and so it pays cheaply.

On the other hand, higher-value writing will be that which isn't easily automated, and for which style is every bit as important as substance. Fiction (good fiction, at least), features, human-interest stories, editorials (especially those relying on expertise), and so forth. This will be the kind of writing that either pays crap, or pays big, depending on the writer's skill level -- and his or her ability to build a market or following for it. There will always be a need for this kind of writing, and until such time as software AI becomes genuinely creative, it'll be very hard to automate the highest-quality, most interesting, and most innovative stuff.

Low-value writing will, if anything, see its value decline even further. It is the equivalent of the man on the assembly line who can be replaced by a tireless, hyper-efficient machine. High-value writing will not, on average, find itself paying more handsomely than it used to. It will still be a high-variance profession. But it will be what remains for professional writers in the age of content farms, automated news, social networking, and so forth.

Essentially, the way to earn a decent living in the future will be: 1) be damned good, 2) build and maintain a following, 3) differentiate yourself, and 4) produce at high volume.