I know that I am going to get beat up for this, but...
While it is a nice thing and it makes for great headlines, does not also not seem just a little bit like a condescending pat on the head? $1000 spread out over 6 months. And not even a pay raise?
Bonuses and pay raises
aren't mutually exclusive and no where does it say that Disney employees are getting bonuses instead of pay raises, in addition to cash bonuses Disney also announced that it's also starting a new higher education initiative for 88,000 eligible employees with an initial investment of $50 million and $25 million annually.
... A for effort in your attempt to turn good news for workers into something negative, F for execution.
Nowhere does it say they are getting raises.
Are you assuming that Disney employees aren't getting annual wage increases unless they are explicitly announced in the press?
They are getting bonuses that are taxed at 40%. So the $1000 is really $600.
Where do you get the 40% figure from? and even if that were correct which is better for the employee $600 or ZERO?
Why yes, I am. Companies like that do not give out raises without fanfare and major announcement.
The vast majority of American large cap & mid cap companies have annual compensation increase plans in place that they don't say a word about in the press, perhaps because announcing routine annual COLA and merit raises isn't something that many companies find newsworthy. Generally speaking It's only when they DEVIATE from existing plans does the general public hear about it and only when it's coming from companies of scale.
The 40% come from personal experience.
Personal experience with what? The tax status of 125,000 Disney employees that are spread all over the country with varied levels of income and exemptions?
Yeah that's what I thought, Your GUESS aka "A WAG".
Thanks for your answers but you forget to address the
which is better for employees $600 or ZERO question.
Feel free to continue with your efforts to turn a positive into a negative.