Publishing Industry Hurts, Too
Our friends at GalleyCat steered us toward the Publisher’s Weekly annual survey, in which we learn that 35% of employees in the publishing industry didn’t get any raise last year, while another 21% got a raise of less than 3 percent. And seven in ten of the respondents to the survey said their company had instituted a salary freeze.
Almost 40 percent of editorial employees felt worried about the future of their jobs, but hey—only 11 percent overall feel “very insecure” about having a job in the future! That 11 percent may be an all-time high, but that means almost 9/10 of you aren’t stressing out too much and are just focusing on getting your shit done.
And in the most blood-pressure-aggravating statistic of the day, the number of employees getting bonuses fell from 53 percent to 45 percent, and the average bonus declined—except for managers, who received bonuses that increased, on average, by $5000.
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