UnThreaded | Threaded | Whole Thread (1) | Ignore Thread Prev | Next
Author: fleg9bo Big funky green star, 20000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 3955  
Subject: Herr Walker has more work to do Date: 5/31/2012 6:19 PM
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Recommendations: 0
Public sector compensation in Wisconsin remains excessive

http://www.powerlineblog.com/archives/2012/05/public-sector-...

As the recall election in Wisconsin approaches, this paper on public employee compensation in Wisconsin is worth a look. Andrew Biggs of AEI and Jason Richwine of Heritage find that even with the passage of Act 10, the Budget Repair Act that led to battle being waged by the public sector unions and their leftist comrades, the average Wisconsin state worker receives total compensation including benefits of $81,637, compared to $67,068 for a similarly-skilled private worker — a difference of $14,569.

The salaries of the the two sets of employees are just about equal. However, even with the reform, pension benefits for Wisconsin public employees are roughly 4.5 times more valuable than private sector levels while health benefits are about twice as generous as those paid by larger private sector Wisconsin employers. This difference results in a combined salary-benefits compensation premium of around 22% for state workers over private sector workers, with varying but often larger pay advantages for local government employees, the study finds.

Before the Act, the premium was 28%. So public sector employees been adversely affected by the Act, to be sure. But given the large degree to which they continue to be over-compensated, it's easy to see why a majority of Wisconsin voters appear unsympathetic to their grievances.
_______________________

The report that lays out all the data is here:

http://www.aei.org/files/2012/05/30/-biggs-public-sector-pay...

Since Democrats are all about fairness, I'm sure they have a rational explanation as to why private-sector workers should have to pay the taxes that provide public-sector workers with better pensions and benefits than they themselves have.

--fleg
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (1) | Ignore Thread Prev | Next

Announcements

Foolanthropy 2014!
By working with young, first-time moms, Nurse-Family Partnership is able to truly change lives – for generations to come.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Post of the Day:
Macro Economics

The Story Behind the Story
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement