this post was submitted on 07 Oct 2024
361 points (97.9% liked)
Work Reform
10011 readers
235 users here now
A place to discuss positive changes that can make work more equitable, and to vent about current practices. We are NOT against work; we just want the fruits of our labor to be recognized better.
Our Philosophies:
- All workers must be paid a living wage for their labor.
- Income inequality is the main cause of lower living standards.
- Workers must join together and fight back for what is rightfully theirs.
- We must not be divided and conquered. Workers gain the most when they focus on unifying issues.
Our Goals
- Higher wages for underpaid workers.
- Better worker representation, including but not limited to unions.
- Better and fewer working hours.
- Stimulating a massive wave of worker organizing in the United States and beyond.
- Organizing and supporting political causes and campaigns that put workers first.
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
62% over 6 years, so like 10% a year which is still not bad, but not the same 62% lump sum like the headline suggests.
62% right now and no increase for the six following years is actually more generous than what they got.
They're getting like a $5 an hour raise every year for 6 years and after six yours they hit their salary cap. Their cap is $131,000. Even 6 years from now that's still really good money.
Depending on location, that's really good money. Where I live i would be ecstatic to make that kind of money. Unfortunately the big docks are in big cities where money doesn't go nearly as far.
There's almost no place in the US where $130k isn't good money.
NYC and LA are probably the two areas in the US where 130k is borderline possible to live alone in a OK apartment considering the cost of living there. Below that and your quality of living takes a dive as you either need roommates or you live in a shoebox. For anywhere else 130k is fantastic.
The average rent in LA for a THREE bedroom apartment is $51,000 a year total. That leaves, after taxes, about $40,000 of money for everything else. Even in L.A that's still very easy to live on.
A 1 bedroom apartment in LA is about $26,000 a year, fyi.
A $131,000/year salary is not borderline anything in L.A.