Chart of the Day: The End of Newspapers
Posted by Bill Dupray
on Dec 31 2009 Filed under Politics.
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This is a stunner. Witness the rise and fall of the newspaper industry in one handy chart.
The number of people employed in the industry is now about the same as it was in the mid-1950′s.
And this is good.
Talent and resources should go where they are used most efficiently. Obviously all printed news will soon be online. Those who have talent will move into those areas (lots of us are already here) and will be able to make a living doing it. The greenies will celebrate all the trees that will be spared. And while nobody cheers the fact that people are losing their jobs, we should take comfort that the free market is alive and well in this industry. Once the transition is complete, there will be new players on the field. And just as nobody laments the passing of blacksmiths and buggy-whip makers, we will all get over the “loss” of the newspaper industry.
Capitalism is a beautiful thing.
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