The editors are academics, and paid very, very little.
Essentially, all the journals do is print them (which is pointless these days) and maintain the website (which is something that could easily be done by libraries).
In fact, most universities provide open access repositories for all of the papers of their academics, so the journal websites could be reduced to a submission site, and links to the finalised papers with very little injection of money.
The reviewers are unpaid academics.
The editors are academics, and paid very, very little.
Essentially, all the journals do is print them (which is pointless these days) and maintain the website (which is something that could easily be done by libraries).
In fact, most universities provide open access repositories for all of the papers of their academics, so the journal websites could be reduced to a submission site, and links to the finalised papers with very little injection of money.