Wednesday, August 12, 2009

Where does the UC Money Go?

Drawing from Jeffrey Bergamini’s excellent salary data (http://ucpay.globl.org/), we find the following:

In 2006, there were 2,464 employees earning over $200,000 with a total gross pay of $680 million and a total base pay of $331 million. By 2008, we find 3,643 employees earning over $200,000 with a total gross pay of 1 billion and base pay of $640 million. This means that in 2 years, the UC added 1,200 employees to the over $200,000 club, and these increases cost over $300 million. Also, if you look at the difference between gross pay and base pay, you will see that a lot of these people will only have part of their salaries reduced by the furlough plan.

Looking up the salary scale, the story of the UC transferring wealth from the poorest employees to the wealthiest becomes clearer. In 2006, there were 609 employees making over $300,000 with a total gross pay of $240 million and a base pay of $87 million. Then, two years later, in 2008, there were 977 employees making over $300,000 with a total gross pay of $390 million and base pay of $195 million. Once again, this group of high earners increases by 30%, and if these increases were not made, we would have roughly all of the money that the furlough plan will save.

Now let’s look at some of the highest earners. In 2006, there were 190 individuals making over $400,00 with a total gross pay of 98 million and a total base pay of 28 million. Then, in 2008, there were 293 high earners making over $400,000 with a total gross pay of $160 million and total base pay of $67 million. Once again, the top group increases by about 30% and the increase in gross pay is almost doubled. We should remember that during this period, many of the lowest paid workers received no salary increases, and so the main story here is that the poorest workers subsidize the wealth of the richest employees.

Bob Samuels, UC-AFT

21 comments:

  1. Disgusting.

    UC management will now test us to see whether the workforce is organized enough to do anything other than sit frustrated and wring hands.

    This is corporate management, with corporate values and corporate methods. In addition to the big lie of "shared sacrifice", we should expect other tactics adapted from the Mohawk Valley Formula any day now...

    Referenced data, for those curious:
    Over $200K, 2006
    Over $200K, 2008
    Over $300K, 2006
    Over $300K, 2008
    Over $400K, 2006
    Over $400K, 2008

    ReplyDelete
  2. I just wanted to comment on your blog and say I really enjoyed reading your blog here. It was very informative and I also digg the way you write! Keep it up and I'll be back soon to find out more mate.

    ReplyDelete
  3. I want to visit to start my day. I also admire your selection. I’ll be back soon for more discussions. As of the moment I’ll just leave a quick post just letting you know I love your blog.californiacarstore.com |

    capitolmotorcars.com |

    carsandcake.com |

    carsearchnew.com |

    carservicingrochdale.com |

    carsonscatch.com |

    carsonvfx.com |

    carsunroofbusiness.com |

    carsuperhero.com |

    cloudconnectedcars.com |

    fiatfirecars.com |

    florida-autoshippers.com |

    glennsusedcarsandequipment.com |

    goldstarautoshipping.com |

    haveringcars.com |

    ReplyDelete
  4. http://www.burbagssale2013.com/ Burberry Outlet
    http://www.airmaxshoesfactory.com/ Air Max Shoes
    http://www.coachblackfriday2014.com/ Coach Black Friday
    http://www.coach-storeoutletonline.com/ Coach Black Friday
    http://www.coachcoachoutlet.com/ Coach Cyber Monday
    http://www.coachxfactory.com/ Coach Factory
    http://www.coach-factoryoutletonline.net/ Coach Outlet Factory
    http://www.coach-outletonlineusa.com/ Coach Outlet USA
    http://www.coach-pursesfactory.com/ Coach Purses Factory
    http://www.coachpurseusa.com/ Coach Purses USA
    http://www.coach-storeoutlet.com/ Coach Store Outlet
    http://www.coach-pursesonline.com/ Coach Purses On Sale
    http://www.monsterbeatsbydres.com/ Monster Beats Outlet
    http://www.louis-vuittonblackfriday.com/ Louis Vuitton Outlet
    http://www.lv-guccishoesfactory.com/ Louis Vuitton Factory
    http://www.marcjacobsonsale.com/ Marc Jacobs On Sale
    http://www.mcmworldwides.com/ MCM Outlet
    http://www.mcmoutlet-jp.com/ MCM 店铺
    http://www.oakleysunglassesfactory.com/ cheap oakley sunglasses
    http://www.michaelkorsmas.com/ Michael Kors Outlet
    http://www.michaelkors.so/ Michael Kors Outlet
    http://www.michaelkorsfactory-store.com/ Michael Kors Factory
    http://www.michaelkorsoutletr.com/ Michael Kors Outlet
    http://www.michael-korsfactoryonline.com/ Michael Kors Factory Online
    http://www.newcoachfactoryoutlet.com/ Coach Factory Outlet
    http://www.north-faceoutletonlines.net/ North Face Outlet Online
    http://www.polo-outletstore.com/ Polo Outlet Store
    http://www.ralph-laurenhome.com/ Ralph Lauren UK
    http://www.saclongchamppairs.com/ Sac Longchamp Pairs
    http://www.tcoachoutletonline.com/ Coach Outlet Online
    http://www.the-coachfactoryoutlet.com/ Coach Factory Oultet
    http://www.barbour-jacketsoutlet.com/ Barbour Jackets Outlet Online
    http://www.canada-gooser.com/ Canada Goose Outlet
    http://www.guccishoesuk-2014.com.net/ Gucci Outlet Online
    http://www.michaelkorsstates.com/ Michael Kors Outlet
    http://www.moncler-clearance.com/ Moncler Clearance
    http://www.moncler-jacketsoutletonline.com/ Moncler Jackets Outlet Online
    http://www.northsclearance.com/ North Clearace Outlet
    http://www.polo-ralphlaurensoutlet.com/ Polo Ralph Lauren Outlet Online
    http://www.woolrich-clearance.com/ Woolrich Clearance
    http://www.cvshopfactory.com/ shop.coachfactory.com
    http://www.mksfactoryoutlet.com/ Michael Kors Factory Outlet
    http://www.zxcoachoutlet.com/ Coach Outlet Online USA
    http://www.thebeatsbydre.net/ Beats by Dre
    http://www.newoutletonlinemall.com/ Coach Purses Outlet Online
    http://www.clickmichaelkors.com/ Michael Kors USA

    ReplyDelete
  5. Uncover the resources you may have. Per month at a later date, commit this specific loan returning everyplace another time. it's that simple! several joined to is that car title loans for you the upper first Advance loan pattern North yankee country of America ALL day cash upgrades is on the means side any doubt TARGET entirely FREE!!! That’s ideal.

    ReplyDelete
  6. What is the variety, and exactly how are you mindful which generally decision is best for you? The determination to these sorts of concerns will presumably be found here, giving you the information you have to make the best choice. payday loans

    ReplyDelete
  7. We certainly have to put our best effort onto understand those reviews after this we would be more successful to take part in many of other objects to consider some aspects. data collection service

    ReplyDelete
  8. Needed so that you can thank a ton for your personal time frame for you to set up plus in this excellent posting. These are typically with superb assist to us. At this moment follow-up Check Cashing Costa-mesa Thanks a ton for your personal excellent spreading.

    ReplyDelete
  9. Thanks a million and please continue the enjoyable work.
    휴게텔

    ReplyDelete
  10. Hi there, I simply hopped over in your website by way of StumbleUpon. Now not one thing I’d typically learn, but I favored your emotions none the less. Thank you for making something worth reading. 메이저사이트순위


    ReplyDelete
  11. Pretty section of content. I just stumbled upon your
    website and in accession capital to assert that I acquire in fact enjoyed account your blog posts.
    Any way I will be subscribing to your augment and even I achievement you access consistently quickly.Click Me Here 슬롯사이트


    1YANGSKIE

    ReplyDelete
  12. Hi there! This article could not be written much better Reading through this article reminds me of my previous roommate! He continually kept preaching about this. I’ll forward this information to him. Feel free to visit my website; 온라인카지노

    ReplyDelete
  13. Your way of working is very great and cool. This article is very informative and helpful for a lot of people. Thanks for sharing and keep sharing. Feel free to visit my website; 온라인카지노

    ReplyDelete
  14. Many thanks for the article, I have a lot of spray lining knowledge but always learn something new. Keep up the good work and thank you again. 먹튀사이트


    ReplyDelete
  15. Best of luck with your future as your regular reader of your blog I am giving you the appraisal that if you get any ups down you can reach me out at any time. Feel free to visit my website; 야설

    ReplyDelete
  16. I like what you guys are up also. Such clever work and reporting! Carry on the excellent works guys I?|ve incorporated you guys to my blogroll. I think it will improve the value of my website. Feel free to visit my website; 일본야동

    ReplyDelete
  17. It’s always a pleasure to read your magnificent articles on this site. You are among the top writers of this generation, and there’s nothing you can do that will change my opinion on that. My friends will soon realize how good you are. Feel free to visit my website; 국산야동

    ReplyDelete

  18. This blog is very informative the stuff you provide I really enjoyed reading. Feel free to visit my website;
    일본야동

    ReplyDelete
  19. This web site certainly has all of the information and facts I needed concerning this subject and didn't know who to ask. Feel free to visit my website; 한국야동

    ReplyDelete
  20. That's a great article! The neatly organized content is good to see. Can I quote a blog and write it on my blog? My blog has a variety of communities including these articles. Would you like to visit me later? keo nhacai


    ReplyDelete
  21. I am very impressed with your writing크레이지슬롯 I couldn't think of this, but it's amazing! I wrote several posts similar to this one, but please come and see!


    ReplyDelete