You can make some money at it, and for all the bitching about the industry, there's a simple reason that it operates as it does.
Because its damned effective. A lot of people respond to it, despite what anecdotal evidence would have you believe.
As someone with a marketing background, let me assure you that telemarketing companies are in business to make money, not to annoy you. That's just a cost of doing business.
The downside of the job, of course, is that it makes you about as popular as a Military Policeman in Sauron's Orcish Army.