According to a Demo Memo analysis of the Bureau of Labor Statistics data, by the American Consumers Newsletter by Cheryl Russell, Editorial Director, New Strategist Press, thanks to the internet there are fewer media jobs!
Until the introduction of the smartphone in 2007, says the report, the effect of the internet on employment in traditional media, newspapers, magazines, and books, had been minimal. Between 1993 when Mosaic, the first graphical interface for the Worldwide Web was introduced, and 2007, newspaper employment had fallen some, but the worst was yet to come. Employment in the magazine and book industries was almost unchanged during those years. Not so after the smartphone transformed the internet into something personal and portable, says the report.
In The Newspaper Industry
1993 to 2007: -79,000
2007 to 2016: -168,200
68% of job loss occurred since 2007
In The Magazine Industry
1993 to 2007: -300
2007 to 2016: -48,400
99% of job loss occurred since 2007
In The Book Industry
1993 to 2007: 700
2007 to 2016: -20,700
100% of job loss occurred since 2007
Traditional media jobs are disappearing, and new jobs are emerging in internet publishing and broadcasting, but not enough to fill the gap, says the report. Internet media employment grew by 125,300 between 2007 and 2016, or a little less than half the 237,300 jobs lost in the newspaper, magazine, and book industries. Even including job growth in television and film, there has been a net loss of 159,200 media jobs since 2007.
And, thanks to the internet says the report, newspaper employment has plummeted over the past two decades, according to Bureau of Labor Statistics' data, with most of the decline occurring since 2007, when the smartphone transformed the internet into something personal and portable. Behind the decline in newspaper employment is the shrinking newspaper audience, notes the report, a trend starkly documented in Pew Research Center's State of the News Media 2016. The percentage of Americans who read a daily newspaper (print or digital) has plummeted since 2007.
Percent Reading A Daily Newspaper In 2015 (And In 2007)
Newspaper Readers 2015
Newspaper Readers 2007
Aged 18 to 24
Aged 25 to 34
Aged 35 to 44
Aged 45 to 54
Aged 55 to 64
Source: New Strategic Press/ Bureau of Labor Statistics, June 2016
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