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Originally posted by ..5..
reply to post by incrediblelousminds
Because they don't do anything that 'makes more money than they earn.' the first thing you learn in economics.
Why should anyone pay for something like that?
Try to sell that as a stock and look at your rating.
Yet the citizens are being held up at gunpoint and being made to pay for service that they will not ever recieve.
And you argue their right to protest this.
Why would you protest this last?
Originally posted by ..5..
nunya13 , Wildbob77
You didn’t answer, you are like a child with his hand in a cookie jar.
Here are some numbers for you. Justify them. What makes you so much more deserving than the private sector who actually make.
Unlike a company we have to purchase your substandard overpriced product. It’s not like we can boycott taxes.
economix.blogs.nytimes.com...
www.cato.org...
One way to assess whether overall public sector compensation is too high is to look at voluntary job quit rates. U.S. Bureau of Labor Statistics data show that the average quit rate in the state and local workforce is just one-third the rate in the private sector. 5 That suggests that state and local pay is higher than needed to attract qualified workers.
www.telegraph.co.uk...
humancapitaladviser.com...
Just as the markets are not the same,the jobs as well as the concentration of jobs are not the same across the sectors. Each sector has jobs of different types and levels,but they do not overlap perfectly. In other words,the concentration of a type of job is not the same when comparing both. Moreover,there are differences in compensation that are job specific based on the level of job and the unique market position relevant to the job. An example of this finding appears inwww.bloomberg.com...)
From 2006 to 2008, janitors working for the city earned an average $32,143, compared with $26,357 in local private firms; security guards got $35,423 versus $26,571 at private companies; and bus drivers made about $48,000 on the public payroll compared with about $36,000 at for-profit firms, the study said. Conversely, municipal workers with college and post- graduate degrees earn less than private-company workers, the study said.
www.denverpost.com...
In an economy where private-sector workers have seen layoffs, furloughs and cuts to their pay and benefits, Colorado state employees' jobs have remained relatively stable and their benefits — especially their pensions — have stayed comparatively generous. That's not to say state workers haven't taken hits in the recession. They have not gotten pay raises for the past three years, they were furloughed for eight days in fiscal year 2009-10 and the state has made them pay a greater share of their pension costs. And the state workforce has been diminished in some areas while workload has increased.
jobs.aol.com...
www.usatoday.com...
Accountants, nurses, chemists, surveyors, cooks, clerks and janitors are among the wide range of jobs that get paid more on average in the federal government than in the private sector.
www.freshbusinessthinking.com...
One particular factor that has skewed pay in favour of the public sector has been the outsourcing of the lowest paid jobs from the public to the private sector, notably hospital cleaning staff and school caterers. When the lowest paid move from the public, the mean public sector wage is elevated whilst simultaneously depressing the private sector mean.
cliftonchadwick.wordpress.com...
www.jeffjacoby.com...
seekingalpha.com...
www.jeffjacoby.com...
Employment-based pensions (retirement plans) A retirement plan is an arrangement to provide people with an income during retirement when they are no longer earning a steady income from employment. Often retirement plans require both the employer and employee to contribute money to a fund during their employment in order to receive defined benefits upon retirement. It is a tax deferred savings vehicle that allows for the tax-free accumulation of a fund for later use as a retirement income. Funding can be provided in other ways, such as from labor unions, government agencies, or self-funded schemes. Pension plans are therefore a form of "deferred compensation". A SSAS is a type of employment-based Pension in the UK.
Gov. Scott Walker says he wants state workers covered by collective bargaining agreements to “contribute more” to their pension and health insurance plans. Accepting Gov. Walker’ s assertions as fact, and failing to check, creates the impression that somehow the workers are getting something extra, a gift from taxpayers. They are not. Out of every dollar that funds Wisconsin’ s pension and health insurance plans for state workers, 100 cents comes from the state workers.
The pension plan is the direct result of deferred compensation- money that employees would have been paid as cash salary but choose, instead, to have placed in the state operated pension fund where the money can be professionally invested (at a lower cost of management) for the future.
Expecting individuals to be experts at investing their retirement money in defined contribution plans — instead of pooling the money so professional investors can manage the money as is done in defined benefit plans — is not sound economics. The concept, at its most basic, is buying wholesale instead of retail. Wholesale is cheaper for the buyers. That is, it saves taxpayers money. The Wisconsin State Investment Board manages about $74.5 billion for an all-in cost of $224 million. That is a cost of about 30-cents per $100, which is good but not great. However it is far less than many defined contribution plans, where costs are often $1 or more per $100.”
Originally posted by ..5..
Why should you be paid a penny more than the equivalent position in the armed forces?
The Wall Street Journal reports that "[p]rison companies are preparing for a wave of new business as the economic downturn makes it increasingly difficult for federal and state government officials to build and operate their own jails." For-profit prison companies like the Corrections Corporation of America and GEO Group (formerly Wackenhut) are positioned for increased profits. It is still not clear what impact the just-signed stimulus bill will have on the private prison industry (for example, the bill contains $800 million for prison construction, yet billions for school construction were cut out).
The country with the highest incarceration rate in the world — the United States — is supporting a $3 billion private prison industry. In Texas, where free enterprise meets law and order, there are more for-profit prisons than any other state. But because of a growing inmate shortage, some private jails cannot fill empty cells, leaving some towns wishing they'd never gotten in the prison business.
A Texas judge has set an arraignment date for Friday for Vice President Dick Cheney and former Attorney General Alberto Gonzales. They were indicted this week by a Texas grand jury on state charges accusing them of responsibility for prisoner abuse in a privately run federal jail. We speak with Willacy County District Attorney Juan Angel Guerra. [includes rush transcript]
Originally posted by ..5..
Since the 1980's our population has doubled (the tax bse hs doubled nd yet the roadspace has increased by under 10% (I think the figure is around 8%).
Don't get me started on how much education system sucks up.edit on 10-7-2011 by ..5.. because: (no reason given)
Originally posted by jjkenobi
Naw, OP just listen to all these responses. All those poor California govt workers HAVE to keep getting paid even though the state is 2.3 trillion in debt and businesses are continuing the mass exodus from their state. Soon all they'll have left is state workers with no real tax payers to pay their salaries. But nevermind that, just have everyone keep their head in the sand.