I’ve raised questions about the Speech-to-Text Institute’s data and some companies’ blind reliance on that data. Today I’ve got to raise the fact that, if we compare net assets on 2020 tax returns and information found on ProPublica for NCRA, STTI, AAERT, and NVRA, it seems like NCRA is the clear leader at over $6 million, and its nearest “competitor,” AAERT, had about $217k. STTI came in dead last, more than $100,000 in the red. This doesn’t even account for the myriad court reporting associations and nonprofits across the country and the money that goes into them.
It still remains a serious question why the public and court administrators would rely on the word of an organization that doesn’t seem to have the monetary support needed to address the court reporter shortage in California, let alone America. Think about it. If you want to raise a workforce of possibly 20,000 professionals, who do you turn to, the organization with $6 million or the organization that’s in the red and being kept afloat by some undiscovered means?
There also remains a question about the severity of the shortage. As told by the document linked above, it states that over 50% of California courts have reported they are unable to routinely cover non-mandated case types. California’s shortage was forecasted to be the worst in the country, about 20x worse than many other states. If around 50% of California courts are having trouble, it would follow that somewhere around 2.5% would be the average across the country. Devising relocation incentives could pull more people to California and solve the problem.
This has implications for the big business bosses and the small businesses they bully. They’re going to have to spend a whole lot of money to match stenographic initiatives. Eventually shareholders are going to ask why these businesses are swimming against the direction of the market. Why would you spend time and attention trying to cultivate a professional community in digital court reporting when one clearly exists in the stenographic community? Why would you aggravate the talent/labor until it starts discussing things like misclassification, pay, and working conditions?
Stenonymous reporting live from the dead internet.
NCRA 2020: $6,293,223 net assets.
AAERT 2020: $217,609 net assets.
NVRA 2020: $122,098 net assets.
STTI 2020: -$119,169 net assets.