Journalists like to think of their work in moral or even sacred terms. With each new layoff or paper closing, they tell themselves that no business model could adequately compensate the holy work of enriching democratic society, speaking truth to power, and comforting the afflicted.
Actually, journalists deserve low pay.
Wages are compensation for value creation. And journalists simply aren't creating much value these days.
While I agree with the premise, the CSM argument that follows in the link above is baloney (or bologna, if you prefer). Journalists are deserving of low pay exactly because they are "enriching democratic society, speaking truth to power, and comforting the afflicted."
They'd deserve high(er) pay if they'd simply report the facts. [Ed. Hmm ... didn't "journalists" used to be called reporters?]
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