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Nina Munk on Peter Gelb. Didja know that Met chorus members make $175k + hugely generous benefits? — VF
UK vulture-fund act becomes law — Reuters
Why Businesses Don’t Experiment — Ariely
Statement on the support to Greece by Euro area Members States — Europa
“People with mortgages are still renters, it’s just they rent the money to buy the house instead of the house itself.” — Comment from davejones
Steven Johnson in Ben Stein’s old Everybody’s Business spot. A vaster improvement cannot be imagined — NYT
Why Was the Polish President In a Soviet Plane? — Economist
10 Ways To Earn More Than You Can Working At The Columbia Journalism Review — Hunter Walker
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$27k for what appears to be a starting job in journalism doesn’t sound too shabby to this UK journo. Starting salaries are around £12k-14k in England, even in London.
Bring out the whaaambulance.
What, precisely, did Mr. Journalist With No Experience *assume* the market was willing to pay? $70k?
Welcome to the real world, Mr. Hunter Walker. The cost of that sheepskin has ZERO correlation to the salary of the job for which you’re training.
As DeLong often asks, “Why oh why can’t we have a better press corps?” Because journalism is a mickey-mouse curriculum producing a surplus of graduates, who think they are owed a job.