What's 1099 when it comes to wages/expenses?
1099 means the worker is an independent contractor, not an employee, which means the employer doesn't have to follow employment laws, from what I understand.
My expectation as a working professional is that if I were to take a 1099 position, the salary would have to be greater by a significant magnitude to forgo the other benefits. No medical, retirement, vacation. Also, I'd require hourly pay, not a flat salary. You can be sure DK was requiring more than 40 hrs/week. When you add up lost benefits, vacation, let's say 60 hr/ week, DK is paying peanuts. These people can make a better living doing data entry at any larger company.
Oh me too. From googling, some source from last year says they have “well over 100,000 subscribers each paying about $5/month” yet another says they had roughly 250 editorial employees in 38 markets... and beat writers start around $70K, not including subscriber bonuses, along with all their travel expenses.To be fair, part of that is because the economics of the news industry are completely broken. The revenue stream needed to pay the people to produce the content just doesn't exist.
Even many of the "successful" digital outlets are funded at a loss by venture capitalists under the expectation that, as local print/tv outlets collapse, the digital enterprises could grow against the vacuum. That business model is also failing. I've been saying this for years, but I'd love to get a look at the Athletic's books.
Ironically enough I saw today they have now crossed 500K subscribers. Still got my doubts unless they can really continue funneling audiences with subscription revenue in excess of what has to be some pretty high G&A costs, but that’s pretty good.Oh me too. From googling, some source from last year says they have “well over 100,000 subscribers each paying about $5/month” yet another says they had roughly 250 editorial employees in 38 markets... and beat writers start around $70K, not including subscriber bonuses, along with all their travel expenses.
Not sure how legitimate these figures are, and apparently they are on fixed 2 or 3 yr contracts... but on the surface that seems like a huge loss.
He offered me a position that was kind of a jack of all trades. Would be working with video editing, pod casts, writing, across the board stuff (as he says in the DMs, "EVERYTHING!") and it was really enticing. And then I started asking questions:
What's the salary? "40 range"
Is this salary of 1099? "We're 1099 right now but long story short we have a plan in place to be salaried for everyone by years end."
Will there be moving expenses? "No."
What about benefits? "Nothing as of yet but it's coming."
I'd just started a job that was full time here in town that I enjoyed and something felt uncomfortable about his replies so I said no but that I appreciated the offer. Never heard back. Two weeks later Yohe leaves and the stories of him being horrible to work for start coming out. And yes, I still have all of the receipts to prove this happened.
...and Alain Morissette was between the pipes.
25 years later, remembering the summer of the Pittsburgh Phantoms
Does anyone remember them opening the roof for one of the Phantom games?
Yeah, I do. I've recounted that tale a few times and everyone looks at me like I have ten heads. I was beginning to wonder if my mind didn't make the whole thing up.
Wasn’t that the time the roof broke for the last time and they basically said “**** it” and put the extra seats in so they had an excuse not to do that in the future?
It's like free agents that never got their big contract and finally do, they take it. Bombulie is getting a chance to make bank and add a solid title to his resume. He'll jump ship to better things once he's got a taste of that.you know how bad is to be a hockey writer...when you're promoted to assistant sport editor in a failing newspaper. No wonder why hockey media sucks
Yeah, I do. I've recounted that tale a few times and everyone looks at me like I have ten heads. I was beginning to wonder if my mind didn't make the whole thing up.
It's like free agents that never got their big contract and finally do, they take it. Bombulie is getting a chance to make bank and add a solid title to his resume. He'll jump ship to better things once he's got a taste of that.
Sounds like Bombulie just did him a solid. Hopefully he's resolved whatever issues he's had, even though I'm not personally a fan of his professional work.