Our Economic Pain Is Coming from Big Industry CEOs, Not Public Employees' Unions
John Schmitt
AlterNet
Pay in the private sector has been stagnant or falling for decades, health insurance coverage has been dropping, and traditional pensions have all but disappeared.
Conservative think-tanks and politicians like New Jersey Governor Chris Christie and Wisconsin Governor Scott Walker have been leading an attack on public-sector workers. The crux of their argument is that the economy is a mess and a large part of the reason is that public employees are overpaid.
On closer inspection, the evidence suggests a different culprit: private-sector employers. The problem is not that public-sector pay and benefits are out of control. The problem is that pay in the private sector has been stagnant or falling, health insurance coverage has been dropping, and traditional pensions have all but disappeared.
(More here.)
AlterNet
Pay in the private sector has been stagnant or falling for decades, health insurance coverage has been dropping, and traditional pensions have all but disappeared.
Conservative think-tanks and politicians like New Jersey Governor Chris Christie and Wisconsin Governor Scott Walker have been leading an attack on public-sector workers. The crux of their argument is that the economy is a mess and a large part of the reason is that public employees are overpaid.
On closer inspection, the evidence suggests a different culprit: private-sector employers. The problem is not that public-sector pay and benefits are out of control. The problem is that pay in the private sector has been stagnant or falling, health insurance coverage has been dropping, and traditional pensions have all but disappeared.
(More here.)
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