• [ network ]
  • goatmatrix.net
  • gvid.tv
  • img.gvid.tv
  • games.gvid.tv
  • apps.gvid.tv
HomeUploadUpload URLHotlinkRandomAbouttheme toggle
Expand

3 Reasons Public Sector Employees are Killing the Economy

Views:1113
@ReasonVids

As unemployment stubbornly sticks near 10 percent and any sort of economic recovery seems a long way off, think about this: The one part of the economy that's going gangbusters is government work. Indeed, since the Great Recession started in December 2007, over 8 million jobs have been lost in the private sector while the public sector has added at least 100,000 positions.

It's time to recognize that public-sector employment is killing the economy for at least three reasons:

  1. They cost too much. As USA Today recently noted, federal employees make on average almost $8,000 more than their private-sector counterparts. When you add in benefits, the gap spreads to about $30,000. State and local government workers make around the same as private-sector counterparts, but their health and retirement packages mean they make significantly more in the end.


  1. We can't fire them. The private sector has shed positions in response to slackening demand and the economic downturn. That sort of adjustment is painful but necessary, as it allows the economy to adjust to changing circumstances and workers and employers to move into new activities. Because it is guaranteed certain amounts of tax revenue and has a non-market mind-set, the public sector is largely insulated from such forces and keeps or even adds workers despite changed conditions. The result? We keep paying for things that we don't use, need, or want.


  1. They create a permanent lobby for expanded government and higher taxes. Look at California, where teacher unions have spent over $211 million dollars on elections in the past decade. One result is that 40 percent of California's budget must be spent on education, regardless of the number and needs of students. Over the last 10 years, taxpayer contributions to public-sector pension funds has increased by 2000 percent!


Such sort of tax-based gladhanding is just getting started.

For the first time in history, the number of public-sector union employees is greater than those in the private sector, so expect to see even more lobbying for the sorts of mandatory raises and permanent job security that most of us can only dream of.

Because the public sector gets its pay and benefits from tax dollars and public debt, every thing it gets means there's less for the rest of us to save, invest, or pay workers with.

With the federal government and most states already neck-deep in red ink, it's time to cut public-sector pay and payrolls and return more money to the private sector. That will help spur the sort of investment and innovation that will get the economy moving and end the recession far faster than paying more and more money to government workers.

"3 Reasons Public-Sector Employees Are Killing The Economy" is produced by Meredith Bragg and Nick Gillespie, who also hosts.

Approximately 3 minutes. Got to http://reason.tv for iPod, HD, and audio versions.

Subscribe to Reason.tv's YouTube channel and receive automatic notifications when new material goes live.

reason.tv
,
reason.org
,
reason.com
,
reason foundation
,
reason magazine
,
libertarian
,
public sector
,
unions
,
teachers unions
,
great recession
,
economics
,
private sector
,
meredith bragg
,
nick gillespie
    Movie Night
    Thumbnail for Reason.tv's Nanny of the Month for March 2010: Salt-Banner NY State Rep. Felix Ortiz1:17
    Reason.tv's Nanny of the Month for March 2010: Salt-Banner NY State Rep. Felix Ortiz
    ReasonVids2
    1104 views
    Thumbnail for Driving through May 16th Texas storm0:54
    Driving through May 16th Texas storm
    AmericanMuskrat
    455 views
    Thumbnail for Doocy HUMILIATES Psaki When He Exposes Her Hypocrisy with Masks on Planes4:13
    Doocy HUMILIATES Psaki When He Exposes Her Hypocrisy with Masks on Planes
    bestofvoatxyz
    992 views
    Thumbnail for Cybergoth Dance Party (Mortal Kombat Theme)0:37
    Cybergoth Dance Party (Mortal Kombat Theme)
    MannequinGothique
    2168 views
    Thumbnail for Die Harte - Neger2:38
    Die Harte - Neger
    leftovernazi
    423 views
    Thumbnail for The streets of California in the 1940s. No globo-homo diversity.1:46
    The streets of California in the 1940s. No globo-homo diversity.
    AOUisgay
    626 views
    Thumbnail for Nigger claims Italian food is blande and Italians don't season their food0:49
    Nigger claims Italian food is blande and Italians don't season their food
    AOUisgay
    713 views
    Thumbnail for Vaccine causes... What? - Stargate SG1 Clip0:55
    Vaccine causes... What? - Stargate SG1 Clip
    Ivan
    3404 views
    Thumbnail for I am confident0:52
    I am confident
    EricaPolarBear.Archive
    444 views
    Thumbnail for G.EDWARD GRIFFIN - THE COMMUNIST TAKEOVER OF AMERICA - Author of "The Creature from Jekkyl Island"8:07
    G.EDWARD GRIFFIN - THE COMMUNIST TAKEOVER OF AMERICA - Author of "The Creature from Jekkyl Island"
    bestofvoatxyz
    1011 views
    Thumbnail for Mika Brzezinski Laments 'Cancel Culture' After Whoopi Goldberg's Suspension: 'Getting So Out of Hand'2:32
    Mika Brzezinski Laments 'Cancel Culture' After Whoopi Goldberg's Suspension: 'Getting So Out of Hand'
    bestofsaidit
    1053 views
    Thumbnail for Why do Australians have strange accents?2:28
    Why do Australians have strange accents?
    bestofupgoat
    394 views
    Thumbnail for 20161:09
    2016
    murdochmurdoch
    1653 views
    Thumbnail for dat jiggle0:54
    dat jiggle
    bestofupgoat
    82 views
    Thumbnail for I did NOT see that coming! 0:21
    I did NOT see that coming!
    voatcatbox
    725 views
    Thumbnail for A taped phone call between Mia Farrow and Woody Allen has recently resurfaced that reveals the full horror of the Pedollywood director’s sexual abuse8:13
    A taped phone call between Mia Farrow and Woody Allen has recently resurfaced that reveals the full horror of the Pedollywood director’s sexual abuse
    AOUisgay
    771 views
    Thumbnail for A WTF video to end the week with (no gore despite appearances) 1:13
    A WTF video to end the week with (no gore despite appearances)
    bestofupgoat
    255 views

points

Permalink
Reply
reason.tv
,
reason.org
,
reason.com
,
reason foundation
,
reason magazine
,
libertarian
,
public sector
,
unions
,
teachers unions
,
great recession
,
economics
,
private sector
,
meredith bragg
,
nick gillespie
TOS  •  Add Keywords  •  Donate  •   Analytics  •   DMCA  •   Puzzle