You may be shocked to learn that at dinner this week with a group of economists and journalists, the conversation turned to the economics of journalism. In particular, what is the future of paid journalism? As high-quality journalists face increasing competition from low-quality unpaid bloggers, the market wage for high-quality journalists will continue to fall. Putting aside whether this is a market failure (says the low-quality unpaid blogger), suppose that you really wanted to save high-quality journalism: what would you do?
Saving paid journalism from the Internet
Saving paid journalism from the Internet
Saving paid journalism from the Internet
You may be shocked to learn that at dinner this week with a group of economists and journalists, the conversation turned to the economics of journalism. In particular, what is the future of paid journalism? As high-quality journalists face increasing competition from low-quality unpaid bloggers, the market wage for high-quality journalists will continue to fall. Putting aside whether this is a market failure (says the low-quality unpaid blogger), suppose that you really wanted to save high-quality journalism: what would you do?