I say this every year at budget time. Call it my annual screed: A flat percentage salary increase across the whole pay scale widens the wealth gap. The rich get richer, and the poor end up with comparatively less buying power. This year, the town’s 3% across-the-board pay raise will put an extra $900 (before […]
All posts tagged Budget
Operating at a loss
The old joke goes that a naïve business owner admitted he lost money on each product sale, but said, “I make up for it in volume.” Chapel Hill town staff are familiar with that business model, and after the Town Council retreat this past weekend, we are, too. We learned that for the past couple […]
Posted by Nancy Oates on January 28, 2019
https://chapelhillwatch.com/2019/01/28/operating-at-a-loss/
How Generous Can We Afford to Be?
Richard Jenrette snagged his dream job right out of college — sportswriter for the N&O. A few years into it, though, he looked around and noticed that newspaper people didn’t make much money. He enrolled in Harvard Business School to learn a more lucrative trade. Jenrette, the “J” in the enormously successful brokerage firm DLJ […]
Posted by Nancy Oates on June 11, 2018
https://chapelhillwatch.com/2018/06/11/how-generous-can-we-afford-to-be/