Researchers Are Pushing Back Against Elsevier's Open-Access Publishing Fees - The Atlantic
lterrat's bookmarks 2017-02-19
"Scientists’ frustration is compounded by indications that academic publishers are turning a tidy profit from their labor and free contributions (peer reviews, like the articles themselves, are given to journals for free). Elsevier, Springer, and Taylor & Francis have all reported profit margins around 35 percent, more than Facebook (27 percent) or the Industrial & Commercial Bank of China, the largest bank in the world (29 percent).
Meanwhile, academic institutions pay millions for subscriptions to the publishers’ products—even Harvard, one of the world’s richest academic institutions, has decried the high costs of journal subscriptions. Journal editors are paid for their work, though Rooryck says it’s not much. 'If I wanted to do it for the compensation, I would be better off using that time to flip burgers or go wash windows,' he says."