Forbes Staff Walks Out Over Pay Dispute on '30 Under 30' Release Day

The Forbes Union staged a walkout to demand higher wages and better protections, marking a key escalation in a three-year contract negotiation with management.

• The walkout coincided with the release of Forbes' high-profile '30 Under 30' lists to highlight the staff's contributions to the publication's success.
• The Forbes Union is seeking a $75,000 minimum salary, 8% annual raises, and 15% minimum raises for promotions, along with overtime and weekend pay.
• Management has countered with a $60,000 salary floor, 1% annual raises, and 5% minimum raises for promotions, which the union has rejected as inadequate.
• Union members accuse Forbes of stalling negotiations for nearly three years and using union-busting tactics, including misclassifying employees to shrink the bargaining unit.
• The NewsGuild of New York, which supports the Forbes Union, criticized management for disrespecting workers and called for a fair contract recognizing employees' contributions.

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