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In the current negotiations, the NewsGuild is demanding a wage increase averaging 5.25 percent a year over four years.... According to the union, the Times’ latest wage offer comes to 2.875 per year...
Whatever pay increase the Times eventually agrees to, the NewsGuild is calling for a cost-of-living adjustment (COLA) that would equal inflation, that would hold Guild members harmless against any increase in inflation. The Times has rejected that COLA proposal even though enlightened employers often agree to cost-of-living adjustments. Not only do such provisions protect employees from having their pay eroded by higher-than-expected inflation, but if inflation remains low, COLA provisions would help the employer’s bottom line by holding down any promised raises. I hope that Times management will see the light on this—and take the enlightened approach.It’s not as if the Times can’t afford to give newsroom employees a 22.7 percent raise over four years. That’s around ten percentage points above what the Times is offering, and with each percentage point translating into $1.5 million a year in raises, that would cost the Times $15 million annually. That represents just 10 percent of the $150 million stock buyback and a small fraction of the Times’ current $465 million in cash on hand.
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I had been thinking about cutting back the number of days I get the paper in hardcopy. But after reading about how the Times values its employees, I'm thinking of skipping pay subscriptions altogether and taking the free digital subscription offered through my school.
I appreciate the service that the Times provides, but it shouldn't be on the backs of its employees or its customers alone.
How much is too much?
How can I justify my obscene wealth when there are starving refugees all around?
How can I manage to live with myself when full-time workers can't even pay ordinary, expected monthly bills--- while I live in the lap of luxury?
My skills and talents might be in demand, thus commanding a better salary than many others. But is limitless wealth a worthy goal? Are humans not supposed to operate at a fundamental level with a conscience?
How much stuff can one own?
How much shit do you need?????
A lot less than what I have, for sure. Where did all this stuff come from?
The stock is highly valued because as a business the company has significantly outperformed its peers in recent years. That kind of performance would justify a pay raise for employees. In fact, just looking at the stock’s performance, it has completely trounced its peers in the flagging newspaper business and even the market overall in the past five years. So why fixate on 2022, a bad year for all stocks?
Moreover, in an industry where intellectual capital, i.e., content is king, the creators of that content should be well compensated. That content has won the Times several Pullitzers recently.