Is there enough money to afford the proposed pay raises? 6% profit margin isn't much. Granting the proposed pay raises to both groups could easily put the company in the red.
> Adjusted operating profit margin (adjusted operating profit expressed as a percentage of revenues) increased to 16.1% in 2023, compared with 15.1% in 2022.
You might also look into the NYT's recent history of stock buybacks while denying raises to their lowest-paid employees. The money is there.
I was just pushing back against using "big tech comp packages" as some sort of baseline for what unions should be pushing for. It is completely unrealistic and people who say stuff like this hurt their own cause by not living in reality.
In June it was 10.6%, in March it was 6.9%