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Purchasing power is part of the equation. Part of the dispute is about mandating that workers come into the office at least part time, which basically means liv
by setgree 2y ago
Purchasing power is part of the equation. Part of the dispute is about mandating that workers come into the office at least part time, which basically means living in a high-cost area.
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-times-earnings.html https://www.nytimes.com/2024/08/07/business/media/new-york-t...