Wow. My experience has been quite the opposite. I suppose if one looks at it as a sheer vocational degree leading to a newsroom job, they may have a point, but my journalism degree has been incredibly dynamic and allowed me to land a number of jobs. I'd say the same about an English degree, which is also the frequent target of misinformed people. The truth is that very few people know how to write in today's world. If you can write coherently, your employment possibilities are remarkable. A journalism degree teaches clear and concise writing, coupled with research skills and ethics. It doesn't sound useless to me.
That's definitely true. Though almost all of my friends that got english and journalism degrees (some from elite universities) have had to get additional degrees to get a decent job. Not that it's bad, but by the time you're making a decent buck you are 100K in the hole. But I suppose that is the times we live in.
As one who can speak from personal experience, there's not much money to be had in the journalism field. Starting pay out of college often is lower than jobs that don't require any degree (factories, construction, etc.). However, it's a very competitive field, especially as jobs begin to disappear. This is part of the reason the pay is what it is. There's people who will work for the cheap rate (and often long and awkward hours).
As in most jobs, you learn a lot more from experience, but my education at OU was exceptional. I think it prepared me exceptionally well. I'm sure the reason journalism is included on this list is because so many consider it a dying field, not because the education is unnecessary. I will say this, though: there is little use to advanced degrees in journalism (unless you want to teach or something). Journalism is not a useless degree. It's just a different field than it used to be.