Why Journalism Is Outperforming the Economy

Surprise: the journalism sector is booming in 2010. Wasn't the medium dying 12 months ago? Michael Mandel (who is awesome) brings the graphs and explanations:


If you want the full story, read his great post. His thesis is basically that we're seeing surprisingly low levels of unemployment in journalism for four reasons. First, reporters are moving to nontraditional industries like Yahoo, AOL and small policy organizations. Second, more are turning to self-employment, which is easier in the age of the Web. Third, to beef up content generation while cutting costs, publishers are scrapping editors and picking up more reporters and analysts. Fourth, and related to the last point, the pay ain't what it used to be.

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Derek Thompson is a senior editor at The Atlantic, where he writes about economics, labor markets, and the entertainment business.

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