From the WSJ’s reporting on this: > Most employees in the tech union receive pay of more than $100,000, and average compensation, including bonus and restricted stock units, is $190,000, according to a Times spokeswoman. That figure is an average of $40,000 more than members of the Times’s journalist union, she said. > Times leaders have also bristled at the nature of some of the guild’s requests. The union previousl…
When I see people critique those numbers as being “too high”, or demands for additional compensation “unreasonable”, I can’t help but think those people don’t understand that $100k is very much the new $45k of the 2000s, and has much less purchasing power than the latter did at the time. Truth be told, for the present cost of living in the Northeast in general, you’re looking at a family income of $300k to be “comfor…
However, journalism in general is a struggling business, which will probably push wages down on average across the profession.
Double however, the NYT has been doing really well at adapting to the modern media landscape and currently has record subscribers and profits [0], so I can see why the union thought it would be a good time to play hardball.
Triple however, I'd quibble a bit with your numbers, even if I think the overall point is well taken. It might be hard to live on the UES on 100K. It's not so hard to live by the Cortelyou stop in Brooklyn or in Sunset Park, both lovely areas.
[0] https://www.nytimes.com/2024/08/07/business/media/new-york-t...