"One of the major reasons municipalities are in financial trouble is because much of the compensation of public employees is hidden, and goes far beyond their salaries. It is not an attack on public employee unions to point that out. But that's just what elected officials ought to be doing, especially in a time of extreme fiscal stress."

Read the rest here


07/20/2010 10:29

Years ago it may have been true that working for government meant trading off good wages against job security. There is no tradeoff of wages now: wages for government employees is much higher than for those in private employment. Add in benefits, and the gap grows much wider -- compensation of state and local employees is almost 50% higher than that of private employees!

See http://www.bls.gov/news.release/ecec.nr0.htm for details.

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