It's the annual cost that really makes it for me.
That $429 million is for 20,000 writers. When shared out it's really not very much at all.
"Ah but Bacon," you say, "it's not much shared out, but added up, nearly $500 million is a lot!"
And yes. It is. To a normal person. However to these huge studios no it isn't. Warner Bros paid their CEO $250 million last year. He is 1 guy. They gave him the same amount as it would cost to increase the pay of ten THOUSAND writers.
And that is just one single studio. The AMPTP is made up of nearly 350 studios and networks. They can afford to pay these writers what they are worth.