The Economics of Professions
Journalists
How journalism careers changed as newspapers lost advertising to digital platforms, why pay is low for many reporters, and the rise of independent digital media.
Journalism has changed rapidly.
Pay
Many reporters, especially in regional media, earn low pay; some are stringers paid per story.
Revenue decline
Newspapers lost advertising to Google and Meta.
Layoffs
Media houses cut jobs, especially during COVID.
Digital media
Independent digital outlets and YouTube journalists grew.
Risks
Journalists face legal and physical risks.
Business models
Subscriptions and memberships support some outlets.
A small-town stringer earns a small amount per published story, supplementing it with other work.
Many reporters earn little.
- Many reporters earn low pay.
- Ads shifted to digital platforms.
- Layoffs hit media.
- Digital outlets and YouTube grew.
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