The Writer's Strike isn't about the amount of wages paid... it's that the producers of the shows in question aren't willing to pay them royalties for their work when it is posted or distributed on the internet. The companies are arguing that the internet is a domain in which the value of such work can't be measured... the writers are arguing that the companies themselves are suing internet services for distributing their properties without loyalties and then want to deny the writers any sort of payment when they themselves place that material online.
YouTube - Why We Fight
YouTube - Not The Daily Show, With Some Writer
I support them COMPLETELY.