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May 3, Earning a Living Wage as a Transcriptionist

I've been doing some email marketing lately and it seems a lot of people are using one specific competitor. Just out of curiosity I searched what they pay their transcriptionists. I was appalled to see that it is 30 cents to $1.10 per Audio Minute. $1.10 per audio minute is fine - but 30 cents? This is a real problem in the industry. The minimum wage in California is currently $15.50 per hour. It takes about four hours to do one hour of audio. So for four hours of work you should make $62.00. At 30 cents per audio minute you would only make $18.00 for four hours of work!! WHAT? Why do people work for such a low wage? Or is this company using people from outside the United States? Or is AI changing the industry? I actually think it takes longer to edit an AI transcript than to transcribe it from scratch, but that's a different rant. I would love to see the industry standards raised so that professional transcriptionists are paid fairly. To be competitive I actually have to charge less to my clients than I did 30 years ago when I started. What other industry is this happening in? I hope people looking for transcription services will take a little time to research how much they are paying their team members and what their reviews are from people who work for them.



This post first appeared on Transcription Services, please read the originial post: here

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May 3, Earning a Living Wage as a Transcriptionist

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