So Governor Walker, in Wisconsin, thinks collective bargaining should be thrown out and done away with for whatever reason, as though the public sector makes so much money?
As was so well pointed out last evening on "Real Time with Bill Maher" on HBO, the bankers took us all, nationally and internationally, to the financial cleaners, nearly taking down the entire world economy, while making off with billions of dollars for themselves, but we want to balance the books on the backs of the teachers, police and fire departments in the country, as is so well shown in Wisconsin right now.
So much for the public sector being paid more than the private sector:
May 20, 2010
Another Wage Gap: Public Sector vs. Private Sector
A report released in April 2010 reveals a continuing gap between the wages paid to employees in the public sector compared to those working for private companies. That's not news. But interestingly, the report found that, even when benefits are factored in, public sector employees still earn less than their private sector counterparts.
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Commissioned by the Center for State and Local Government Excellence and the National Institute on Retirement Security (NIRS), “Out of Balance? Comparing Public and Private Sector Compensation over 20 Years,” examined pay data over 2 decades and found the gap wider now than in years past.
Among the findings:
Public sector jobs typically require more education than private sector jobs. About 48% of public sector employees have completed college, compared to 23% of people working in the private sector.
When comparing employees with comparable earnings determinants, such as education level and work experience, state workers earn about 11% less than their counterparts in the private sector, and local workers about 12% less.
The pay gap has increased over the last 15 years.
It is generally accepted that public employees earn less because their benefits tend to make up the difference. “For a long time,” says Beth Almeida, NIRS executive director, “there has been a trade-off in public sector jobs—better benefits come with lower pay as compared with private sector jobs. This study tells us that this is still true today.”
But the report adds another facet. “What’s striking is that, on a total compensation basis—looking at pay and benefits—employees of state and local government still earn less than their private sector counterparts.” The report found the difference to be 6.8% for state employees, and 7.4% for local employees.
“The picture is clear,” according to Keith A. Bender, a co-author of the report and an associate professor of Economics at the University of Wisconsin-Milwaukee. “In an apples-to-apples comparison, state and local government employees receive less compensation than their private sector counterparts.”
Could that be a reason some public sector jobs remain chronically unfilled? It might be, said Elizabeth K. Kellar, president and CEO of the Center for State and Local Government Excellence. “Hiring managers told us (in another recent study) that, despite the economy, they find it difficult to fill vacancies for highly-skilled positions such as engineering, environmental sciences, information technology and healthcare professionals. The compensation gap may have something to do with this.”
Why are people not pissed off at the bankers?
Why have we not thrown any of those people in jail already? The did, in fact, break laws and it's verifiable.
God, we're a stupid people.
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2 comments:
We're pissed off at the banksters but we need them because they have the money and we want to borrow it.
The issue is not so much the money we pay teachers and others but the promise to pay them in the future, money we don't have.
Its their retirement packages that's going to break us. Cities promised them money that Wisconsin taxpayers won't have to give.
If Americas good times are over with, working stiffs will be making much less money...and the teachers et all will get more in purchasing power. I think Wisconsin is just the FIRST state to do this. Why? Because they can't borrow from the Chinese.
Imagine what it'll be like when MORE people are out of work. A LOT more. Who's gonna buy the soup for the line?
That's not why I and a lot of us are pissed off at the bankers, RDM. A lot of us are pissed off because they lied to thousands and millions of homebuyers, in effect stole millions and billions of dollars and nearly wrecked not only the American economy but the economies of many other countries, too, and nearly taking down the world economy. All very painfully true.
And not one of them is in jail or threatened with jail, nor will they be and that's not just wrong, it's crazy.
The teacher's pay in any state is not going to break any state budget. You try living on what those people make. Sure, it's doable but it isn't big, big money, by anyone's imagination.
The Wisconsin public employees gave in on the wage reduction and on paying into pensions. They're just wisely not giving in on the collective bargaining point.
Good for them.
They need to win on this.
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