Well this is not entirely true, but it is to a point.. the whales are definitely taking the whales share. If this article makes 12$ I actually make closer to 20$ at today's market rate. if Steem ever goes to 6$ again I am making much more, probably closer to 50$. If it goes to zero than I am making nowhere near 12$..
12$ is ironically infinitely more than I have made on Facebook, Reddit, Twitter, and Instagram combined. So wasting time is relative.