R.I.P. Scout26
Schadenfreude alert: readers, and especially those who don’t much like the New York Times, should make sure they are not eating soup or holding hot liquids before viewing the video below. Uncontrollable gales of laughter stemming from excessive levels of schadenfreude may cause spilling and staining.New York Times staffers, like suffering proles all over the world, belong to a labor union, and over the years the union has negotiated a very comfy defined benefit retirement plan. The staffers love the plan.But economic reality is intruding. Times management, perhaps reading the coverage in its own pages about the companies and cities going bankrupt due to unsustainable union-bargained pension systems, wants to make a change. It wants to offer a defined contribution plan, instead. Workers and the company pay into a 401(k) plan, workers invest it, and when they retire, that is the amount they have towards their income.It’s an entitled blue deer, meet onrushing truck kind of moment. The Guild is talking about a strike, and an array of Times staffers, including some famous bylines that are well known in news circles, worry aloud that the new plan could make them eat cat food and sleep in boxes on the street in old age. (Or late middle age, anyway; not one staffer talks about working past 65.)
Politicians and bureaucrats are considered productive if they swarm the populace like a plague of locust, devouring all substance in their path and leaving a swath of destruction like a firestorm. The technical term is "bipartisanship".
