With few jobs, why study journalism?
Certainly journalism includes a bit of masochism. Anyone considering the profession should know they will not, probably, become famous nor a millionaire. There are obvious exceptions, of course. One might become "popular", but this popularity has no direct effect on one's economic position. One should not dream of becoming a journalist in order to obtain some material benefits because big payoffs are rare. Breaking an incredible story or covering a spectacular event are "hits" that sometimes come only once in a career, and often the only credit one gets is the respect of one's colleagues.
I have no doubt that the 5,000 Spanish reporters that ended up on the street in 2011 dream of returning to work to investigate some urgent topic, and they would probably do so with no guarantee their work would ever be published. And that is the journalistic enterprise. This "most noble job in the world" is practiced most often in silence and anonymity.
Even with my now 25 years living bound to journalism, it never fails to surprise me that interest in the profession is so high, even among those who understand its labor challenges. But that is, in the end, the nature of passion, though saying so might sound cliched. But it's true. Only with passion is it possible to put up with being a journalist. And enjoy it.