Financial Times journalists are demanding a minimum starting salary of $80,000 (£63,000) in a dispute over pay, reports James Warrington of The Telegraph.
Warrington reports, “The newspaper’s American union is locked in discussions with bosses amid concerns that current wages are not ‘anywhere close’ to livable.
“Under current plans, the FT’s US-based staff have been offered a minimum wage of $60,000.
“But the US guild has called for this figure to be increased by a third, pointing to the importance of retaining journalists, especially at entry level. It added that the annual median rent in New York City is $39,600.
“Robert Armstrong, the newspaper’s US financial commentator, said: ‘The right career move for the average FT journalist – that is to say, a good journalist – is to leave.'”
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