Yes. Journalists don't make a living from journalism, they live on family money. That's why working class journalists have disappeared along with working class perspectives.

It was once a job where many if not most of the practitioners didn't have a college degree, now it is the most expensive graduate school program you can do. I think the median price is something like $250K.

If you don't pay writers, you eliminate all of the writers who have to work for a living.

Don't disagree with the general point but I'm not sure J-School was ever a particularly good entree into journalism. Most of the journalists I know and knew didn't have the grad degree.