From the small print of a five-year agreement signed this weekend by Manhattan School of Music and the Arts-MSM union:
Under the terms of the new agreement, the minimum hourly wage will immediately rise to between $75 and $82 (determined by years of service). In future years, these rates will increase to $100 per hour in the fourth year of the contract.
For Faculty already above the minimum, hourly compensation will increase by $3.50 in the first contract year, and then by 3% annually in each subsequent contract year.
The new contract establishes a minimum hourly wage of $125 in the first contract year for teachers whose students pay a tuition surcharge and rises to $150 in the fourth and fifth contract years.
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