Why journalists deserve low pay

Bad news for journalists angling for a raise: Robert G. Picard, a professor of media economics at Sweden’s Jonkoping University, thinks you deserve to be paid low wages—and he can prove it. He also has some ideas on how to make journalism a more lucrative profession. “If value is to be created, journalists cannot continue to report merely in the traditional ways or merely re-report the news that has appeared elsewhere,” Picard wrote for the Christian Science Monitor . “They must a…