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As interesting as this article is, the related article is even more interesting: https://www.forbes.com/sites/adamandrzejewski/2020/05/19/why-california-is-in-t
by sevsec 6y ago
As interesting as this article is, the related article is even more interesting: https://www.forbes.com/sites/adamandrzejewski/2020/05/19/why-california-is-in-trouble--340000-public-employees-with-100000-paychecks-cost-taxpayers-45-billion/ https://www.forbes.com/sites/adamandrzejewski/2020/05/19/why...
Primarily because 1. California has over $1,000,000,000,000 in unfunded pension benefits promised and 2. It only takes one year of employment to reap these lifetime pension and healthcare benefits.
I wonder what will happen in the long run, especially if high-earning tech companies continue to allow remote workers and the California exodus continues.