It doesn't cost $11k to read a paper, send a few emails and do some typesetting. People pay for this kind of thing because having a Nature paper on your resume makes it much easier to get a tenure-track job. It's just a prestige racket.
Although it does make me uncomfortable that its a for-profit company, they only print 7-10 articles a month, so I can understand the financials mathematics of needing to make it this amount per article if they want to continue to have a full staff maintain the journal the way they want to run it. I am just grateful these articles are now open to the public for free.
His journals can manage at a whopping $10 per submission, and that's with a SaaS platform in the middle. Throw in a few bucks for arXiv hosting costs too if you will.
So what the hell do these protection racket journals provide at >$10k per submission? And do realize they sell subscriptions to institutions — I highly doubt institutions get better deals when some authors pay for open access — and physical copies on top of that, so it's not like they actually get nothing for these open access articles.
Not saying this is right, but nothing will change until scientists stop ranking other scientists by the number of publications in prestigious journals/conferences.
I don't know the specifics of Nature, but the main service provided by journals (peer-review and selection) is usually done by other researchers that are unpaid. Most journals will do little or nothing about typesetting and edition of articles.
What journals do is stand in the middle of a system where researchers need to publish in high quality journals in order to advance their career and also need to access the same journals in order to gain knowledge.
> Clinical trials are in the millions, and research grants are often 6 figures.
Maybe for Nature, but other journals have high open access fees and publish research from groups with lower budgets. You could very well find journals for which the open access fees are in the order of four, five months of salary of the main researcher, just for sending the article to reviewers and hosting the PDF in a website at zero marginal cost.
Isn't this a really good thing? What is the average budget for an research project that ends up with an article published in this journal?
Clinical trials are in the millions, and research grants are often 6 figures.
I know people see this as rent seeking, but journals DO provide a service which costs money. The issue is before they prevented freedom of information. With this model, they are not.