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Why or how to you feel compelled, as it seems you do, to put so much time or effort into Facebook, for example, that it becomes unenjoyable?
With my blog there are expectations about how often I should write, but with social networking sites I could freeze all activity and the world would go on without much interest.
I think the only work for most people is if they really want to create content on the site--because any type of content creation takes time.
I spend a maximum of 15 minutes/day on linkedin/facebook and the only thing about them that I don't enjoy is how easy it is to get distracted. But work? I suppose I care about it as a reputation tool, but otherwise I don't really find it time consuming. Facebook and LinkedIn are what you make of them. You can use them to make money from them and work hard at that, you can use it as a reputation tool, or you can just use it to keep up with friends. Only the first scenario seems laborious...and I'd bet most people aren't working too hard at that.