NYT Tech Guild (@NYTGuildTech@union.place)
union.place
Attached: 4 images The New York Times Company made $2.4 billion in revenue in 2023, and our CEO gave herself a 36% raise, while members of our unit were given around 3% with persistent wage gaps for women and people of color. #ReadyToStrike #Union #Unions #Tech #Election #Election2024 #Labor #Strike #CollectiveBargaining #Contract #NewsGuild #CWA #Solidarity
  • TehBamski@lemmy.worldEnglish
    12·
    22 days ago

    Here’s what I came up with.

    Using Meredith Kopit-Levien’s annual pay from the New York Times, at $10.2 million (as stated in the graph.) Then pluging in the 36% raise she was ‘given’ in 2024(?) and divide by 600 Times Tech Guild members. The following is what I got.

    Base salary: $10.2 million 36% of $10.2 million = $10.2 million × 0.36 = $3.672 million $3.672 million ÷ 600 = $6,120 per person

    Current average salary: $158,000 (using what was stated in the graph) Potential raise: $6,120 Percentage increase = ($6,120 ÷ $158,000) × 100 = 3.87%

    So if the value of the 36% raise ($3.672 million) were distributed equally among the 600 guild members: Each member would receive a $6,120 raise This would represent approximately a 3.87% increase to their current average salary.