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Why Caitlin Clark is underpaid đ
And the UAW's historic win!
Hey there! ICYMI: We just launched a new channel, @dogatemymic! In this street interview series, we interview dogs and share their stories that are guaranteed to leave you feeling all warm and fuzzy.
After two years of Salary Transparent Street, we wanted to create a feel-good channel that brings you joy instead of stress. Our very first interviewee? An 11-year-old tripod named Mandy.
Follow our channel to learn more about Mandyâs story (and meet the other canine companions). đ
1 Caitlin Clarkâs starting salary reveals the WNBAâs massive pay gap đ
Andy Lyons / Getty Images
Caitlin Clark was recently drafted as the #1 choice in the 2024 WNBA draft. But thatâs not why sheâs making headlines: Itâs the fact that her first-year salary is $76,535âa number that doesnât match her market value by a landslide.
The math isnât mathing. Since starting her college career, Clark hasâŠ
Generated over $50 million for the state of Iowa.
Sold out Iowaâs women's basketball season tickets for the first time in history.
Drove nearly 19 million views to the NCAAâs March Madness final, making it the most-watched womenâs basketball game in the US in five years.
Whatâs going on? One word: Contracts. For the NBA, revenue between the league and the players is split 50/50. But for the WNBA, itâs 90/10. If the WNBA paid 50% of its revenue to players, the best players would have salaries over $3 million, noted economist David Berri to CNN.
So why isnât Clark negotiating? Thanks to something called the WNBAâs Collective Bargaining Agreement (CBA), she kind ofâŠcanât.
The CBA, which runs through 2027, implements set salary scales for all WNBA players. As a rookie draft pick, Clark's salary is predetermined by the rookie salary scale. She canât individually negotiate a higher salary unless players opt out of the CBA at the end of the 2024 season.
And the WNBA is playing its own game. In our video on WNBA players, Berri explains that the WNBAâs narrative of it ânot being profitableâ is a powerful negotiation tactic: âIf you tell the players theyâre losing money, the players wonât ask for very much,â he said.
This has to change. To support WNBA players, bring awareness to the issue by telling your friends, watch the WNBA on TV, and follow your local teams and players on social media.
And most importantly, vote with your dollars by going to games (a WNBA league pass is under $40 a year!). Have fun and close the pay gap? Thatâs a slam dunk if you ask us.
2 Volkswagen workers join the United Auto Workers (UAW) đ
Volkswagen workers in Tennessee voted overwhelmingly to join the UAW, per The New York Times. This makes it the first new automaker in the US to be unionized in nearly half a century.
For Context: On October 30, the UAW closed a historic deal with the âBig Threeâ carmakers (Ford, General Motors, and Stellantis). It included 25% pay increases, the end of âwage tiers,â and more.
But the UAW isnât stopping there. It plans to expand to Southern plants, where thereâs historically been union resistanceâstarting with Volkswagen, which failed to unionize twice in the past. But recently, the UAWâs win inspired workers to go from anti- to pro-union.
This is huge. After the union vote at Volkswagen, the Mercedes plant in Alabama is nextâand success at Volkswagen could set a precedent for Mercedes.
âVictories at both Volkswagen and Mercedes would be nothing less than an earthquake,â noted labor historian Joseph McCartin. âIt would mean that the anti-union citadel [in the south] that has repulsed effort after organizing effort has been breached.â
This is the power of unions. Their wins inspire workers from different companies to advocate for themselvesâleading to a domino effect that can transform entire industries for the better.
3 This is how Americans *really* feel about pay transparency đ
Strelka / Flikr
Gather around, folks. USA Today surveyed over 1,200 Americans to uncover their POV on salary transparencyâand the results are both enlightening and spicy:
Different generations feel differently about pay transparency. Nearly 50% of respondents want employers to disclose payâbut it varies by age. 53.42% of Gen Z (ages 18-27) are #teamtransparency. Meanwhile, only 38.89% of Boomers (age 60+) say the same.
Not every generation is willing to share their own income. As you mightâve guessed, Gen Z is all for it (82.61%, to be exact). But Boomers? Just one-third said theyâd be comfortable disclosing their salary.
âŠwhich could explain why higher-ups are more restrictive about pay transparency. 45% of managers said theyâd feel uneasy if their subordinates knew their incomeâdespite more than half of the managers acknowledging that pay transparency helps attract and retain talent.
Pause: What are employers so afraid of? According to the survey, it could be a few things. If respondents learned they made less than their co-workersâŠ
â 72% said theyâd ask for a raise.
â Over 50% would lose motivation.
â Around 25% shared theyâd straight-up quit.
In other words: Employees arenât messing around when it comes to fair pay. And with 58% believing itâs the companyâs responsibility to promote pay transparency, the message is clear: Companies that pay fairly (and openly) will be at the forefront of the job economy.
Want to know which companies those are? Explore our free salary database right here!
Do you remember the Writersâ Strike?
Last summer, the Writerâs Guild of America and its 11,500 screenwriters protested for protections against AI, better pay, and fair residuals.
After five months, they negotiated a historic deal. đ So in this episode of The Break Room, weâre passing the mic to three screenwriters to find out exactly how the strike changed their lives.
Plus, youâll learn how to become a screenwriter (with zero experience), how much they earn, and more!
Are software engineers worried about AI replacing them? This is their answer.
Wait, a stage combat coordinator earns how much? đ€ș
No one is taught how to negotiate salaryâŠbut weâre all expected to do it. Let us help.
The 15 highest-paying trade jobs (up to $90,000!) with low barriers to entry.
1,000 interviews. 3 million followers. 1 billion views. Hereâs our two-year recap at STS.
Thanks for being here! Before we part ways, our thoughts are with Samsung executives. The tech giant just ordered them to come into the office six days a week to âinject a sense of crisisâ after it failed to hit financial quotas last year.
UmâŠwe have a feeling this wonât end well.
See you next week!
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