2 ms·

"realize that the problem isn't that they get too much but that you get too little." In relative terms it's effectively the same thing. -> Public sector emplo

"realize that the problem isn't that they get too much but that you get too little." In relative terms it's effectively the same thing. -> Public sector employees are generally paid too much for the value that they produce. It's a function of power: their unions are the most powerful organizations on the planet. They will pay themselves whatever they want.

edblarney 10y ago
Here's the sunshine list for Ontario: http://www.fin.gov.on.ca/en/publications/salarydisclosure/pssd/orgs.php?organization=hospitals&year=2013 http://www.fin.gov.on.ca/en/publications/salarydisclosure/ps... Police Officers in places like Cornwall, Ontario, pretty far out there, where the average home price is probably just above $100K ... often earn well over $100K. Nurses, Teachers, a plethora of questionable Directors (the Director for 'Clergy Services' the hospital earns a lot. How many staff? And how big is that responsibility?) all earning well north of $100K, esp. in rural areas where cost of living is low. Private sector salaries will be lower to reflect lower cost of living, but public sector wages are not. Average wage in Canada is just above $40K. See the groupings by trade: http://www.livingin-canada.com/work-salaries-wages-canada.html http://www.livingin-canada.com/work-salaries-wages-canada.ht... Note that 'public sector' employees are near the top. The group earning more is 'utilities' - which in Canada are 'Crown Corporations' (or de-facto), meaning essentially public sector. Where I live in Quebec, the 'best career path' for most people is 'Government', as it turns out, we have almost the lowest wages in North America, just ahead of the other Canadian Maritime provinces. One of the most overlooked factors in government work is the 'riskless' nature of it. In finance, we learn that 'consistent payments' have quite a lot of value, which is why companies that pay very consistent dividends are worth more. That you have 'a zero chance of layoff, and a very low chance of being fired' is actually a benefit, and it's economically measurable. It's a premium and it's worth a lot.

edblarney 10y ago

Here's the sunshine list for Ontario: http://www.fin.gov.on.ca/en/publications/salarydisclosure/pssd/orgs.php?organization=hospitals&year=2013 http://www.fin.gov.on.ca/en/publications/salarydisclosure/ps... Police Officers in places like Cornwall, Ontario, pretty far out there, where the average home price is probably just above $100K ... often earn well over $100K. Nurses, Teachers, a plethora of questionable Directors (the Director for 'Clergy Services' the hospital earns a lot. How many staff? And how big is that responsibility?) all earning well north of $100K, esp. in rural areas where cost of living is low. Private sector salaries will be lower to reflect lower cost of living, but public sector wages are not. Average wage in Canada is just above $40K. See the groupings by trade: http://www.livingin-canada.com/work-salaries-wages-canada.html http://www.livingin-canada.com/work-salaries-wages-canada.ht... Note that 'public sector' employees are near the top. The group earning more is 'utilities' - which in Canada are 'Crown Corporations' (or de-facto), meaning essentially public sector. Where I live in Quebec, the 'best career path' for most people is 'Government', as it turns out, we have almost the lowest wages in North America, just ahead of the other Canadian Maritime provinces. One of the most overlooked factors in government work is the 'riskless' nature of it. In finance, we learn that 'consistent payments' have quite a lot of value, which is why companies that pay very consistent dividends are worth more. That you have 'a zero chance of layoff, and a very low chance of being fired' is actually a benefit, and it's economically measurable. It's a premium and it's worth a lot.