State of the State- lets not make the pension payment (low income, health insurance)
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Despite some people hammering away that compensation in the public sector is better, that was never the case.
do you have any sources for this claim? anything with actual numbers has always shown that to be the case, then there comes to reasons dispersed by public sector union officials.
do you have any sources for this claim? anything with actual numbers has always shown that to be the case, then there comes to reasons dispersed by public sector union officials.
well, the CBO report you posted, though it breaks it down by education level, it does not compare like jobs. So, while college educated public sector workers make more than college educated private sector workers, there's no accounting for the fact that my college educated cousin is a yoga instructor and my college educated friend works at starbucks, and etc.
I can tell you from my own experience of looking at jobs, anecdotally, that if I were to become an auditor for the Fed, or go work for the GAO, I would make substantially less than I would at any reasonably respected accounting firm. If my wife leaves CVS and goes to the VA, she'd be taking about a 25% paycut.
When you actually look at like-for-like jobs...the salaries are lower, and the benefits make up some of the difference. the true draw, in my opinion, is the guaranteed benefits that you don't get in the private sector. I'd be willing to live now on less salary (well, if my wife got a VA job), for the security of here having the retirement benefits they offer. I'd be diversifying my retirement planning.
my uncle retired from working for PA, started working about 35 years ago. And though he's a staunch conservative, he'll tell you flat out that his pension was the reason you took that job over working in the private sector where you could make substantially more money.
I also have friends who work for SSA and if they left, their salaries would go up.
Yeah, it's all anecdotal, so i don't expect you to agree with me, but i've seen enough job openings that I consider to know that for me and my wife and other family, it doesnt even come close.
I would say certain jobs in the public sector pay better than private and certain jobs pay worse. According to the Director of my department management salaries in the public sector pale in comparison to management positions in the private sector.
except if you understood the big picture, you'd realize that state worker was given the pension benefit in lieu of a higher salary. Despite some people hammering away that compensation in the public sector is better, that was never the case. And as for pensions in general, I highly recommend reading a book titled Retirement Heist authored by a Wall Street Journal financial journalist. It explains a lot about the death of pensions.
Ding ding ding...we have a winner.
This was true maybe 30-40 years ago, but not within the last 20 years.
Just one example, teachers 40 years ago weren't making a ton of money but at least they had great benefits and a good pension. Then the 1980's came about and their salaries started to move up rather quickly.
Today the average teacher in NJ is making over $50,000 and they still maintain their great benefits and pension.
I would compare just about any private/public employee who has been in the same company/field and all things being equal, would guarantee that the public employee is doing much better.
The question that comes to mind at this point is...
If state employees are so richly rewarded...Why are people in the private sector not rushing to apply for those wonderful state jobs?
Retriever some are. We get a lot of applications from people that work in retail and at small companies as well as military. We never get people from Fortune 500 or successful accounting, law or financial firms.
The question that comes to mind at this point is...
If state employees are so richly rewarded...Why are people in the private sector not rushing to apply for those wonderful state jobs?
Pretty much you had to get on the train some years ago before the State realized that it's going broke (ie: City of Detroit).
Camaro- you just post things to fit your narrative. If the private sector work place is so bad and government so great what you wrote makes no sense.
I never said the private sector is bad. I admitted that the public employes many years ago gave up salary for benefits. But within the last 30 years, the public sector has caught up and in some cases passed the private sector in regard to salary and kept their benefits.
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