Low wages, less employment opportunity, and the decrease in interest of writing. Combine this with social media and the age of influencers - you suddenly have a huge decline across the board.
Journalism is not what you see on tv. Those are essentially actors and are the 1%. The rest are those writing in newspapers (in decline) and making barely livable wages with most on contract rather than salary. It’s an incredibly difficult line of work when it comes to wages and job security.