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you mean $31/hr + medical + pension and medical in retirement... again for teachers you are forgetting the fact that they have similar generous benefits and on
by cascom 8y ago
you mean $31/hr + medical + pension and medical in retirement...
again for teachers you are forgetting the fact that they have similar generous benefits and only work 3/4 of the year...
- foldr 8y agoEveryone should have medical + pension + medical in retirement. How did America get to a place where healthcare and pensions are regarded as perks?
- closeparen 8y agoA pension is directly interchangeable with the 15% of wages you would otherwise need to save for retirement. Maybe less, to account for the (very high) risk of governments defaulting on their pension obligations.
- cascom 8y agoThat’s a nice sentiment - in that case we should all work in the public sector and and get those things...oh yeah....
- foldr 8y agoI'm just surprised that people would propose to solve a problem by taking those things away from people.
- cascom 8y agoThat’s fair - and again think it’s a laudable goal. It used to be that if you worked in the public sector you forwent a market rate salary in exchange for job security and a secure pension. Public sector employees are now making market wages + extremely valuable benefits which in turn are bankrupting municipalities. In this context how do you tell a tax paying private sector mechanic, that his taxes need to go up in order to pay for the extremely generous union benefits of a public sector mechanic (who may make more than him)? Lastly I would argue that municipalities have something of a fiducuiary duty to tax payers to get value for their tax dollar spent - rather than rewarding a voter block at tax payer expense.
- foldr 8y agoHow do you know what is a "market wage" for a NYC subway worker? It's not like you can compare them to someone doing the same job in the private sector. >how do you tell a tax paying private sector mechanic [...] How do you tell a tax paying public sector mechanic that they're going to lose their pension and health insurance?
- akvadrako 8y agoThat's not the point - if you are comparing wages you need to take into account benefits. $30/hour might not be great by itself, but $30 + $10/hour in benefits is.
- jen20 8y agoI don't have a horse in this race, but remember that what looks "generous" to you in New York City is considered "table stakes for a civilised society" in Europe.