Mindy McAdams posts a pointed reminder, in case you needed one, that people shouldn’t go into journalism for the money (complete with a nice graphic).
She also notes the financial troubles of the newspaper industry:
The newspaper business is in deep financial trouble right now â€” jobs are being eliminated continually. But there are still jobs out there for journalists with certain skills. You need to be savvy about what the jobs are, what the work entails.
Personally, I find it hard to get worked up about the deep financial trouble business, if only because most newspapers are still profitable. The “deep financial trouble” part is because they aren’t spitting out the same 20-30 percent profit margins Wall Street has been accustomed to. Layoffs and the assorted chicanery that newspaper execs have been rolling out over the past few years only make me angry at short-sighted management.
You want deep financial trouble, ask the airline industry, or General Motors, or Bear Stearns.