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Re: Private sector professionals are paid more
Author: Z-Train
Date: 02-06-2012 - 17:11

Mark Wrote:
-------------------------------------------------------
> If you're using public sector employees in
> California as a comparison, then that's the
> biggest load of crap I've read in a long time. Did
> you know that California agencies have
> approximately HALF A TRILLION dollars in UNFUNDED
> pension liabilities?
>
> The point is that defined retirement benefits need
> to be factored in when you compare wages between
> the private and public sectors.

I was not using California as an example.

However, you are using an incorrect statistic. When comparing private and public sector wages (and you need to do this for positions requiring similar educational backgrounds and, where relevant, professional backgrounds (i.e. PE for engineerings), you need to compare average individual retirement benefits. Use of total unfunded benefits means nothing to me.

If the pensions are unfunded, then it's very possible that the retirement benefits will not be paid.

Thus, my original comment is still valid.

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  Re: U.S. Labor Wins Back Jobs From Canada! SP5103 02-03-2012 - 12:58
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  Re: U.S. Labor Wins Back Jobs From Canada! Z-Train 02-05-2012 - 08:32
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  Re: Private sector professionals are paid more Z-Train 02-05-2012 - 19:45
  Re: Private sector professionals are paid more Mark 02-05-2012 - 21:15
  Re: Private sector professionals are paid more Z-Train 02-06-2012 - 17:11
  Re: Caterpillar/Progress closing EMD London,Ontario plant? Ellipsis 02-03-2012 - 12:49
  Re: Caterpillar/Progress closing EMD London,Ontario plant? Rich Hunn 02-03-2012 - 17:57
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  Re: Caterpillar/Progress closing EMD London,Ontario plant? Todd 02-03-2012 - 20:31


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