This is just my experience and Im sure others will disagree.

I prefer to shoot jpegs for that reason. SPACE. RAW files take up so much more space, and they do require a little more work for a "final" product.

However, RAW files do contain much more data, which is obviously represented by their extremely large file size. Jpegs are RAW files that are converted through the software within the camera itself. This means that the camera is actually doing some of the "thinking" for you. It removes some of the creative control that you might have if you edit the RAW file yourself. Also, it is possible to recover more blown highlight and dark areas from RAW images. Converted RAW images tend to be sharper as well.

However, I prefer jpegs vs RAW because I can put soooo many more images on one memory card than if I were using RAW. I have never really had much of a problem dealing with the sharpness of an image as a jpeg either. They are much easier and faster for me to deal with. I also find the quality differences pretty negligible when realizing how much more workflow it creates. There are programs designed to minimize this but I do not own them and solely use photoshop w/o any plugins.

This is just my experience and opinions. Im sure others will chime in on the topic. This is a debate that has existed since the dawn of DSLR's and will continue for some time.