• [ 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:1155
@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
    1140 views
    Thumbnail for Impeaching Bad Presidents Should Be No Big Deal5:48
    Impeaching Bad Presidents Should Be No Big Deal
    ReasonVids
    1217 views
    Thumbnail for GTA V - NPCs drive off overpass and cause never-ending chain reaction explosions | settimi_2:21
    GTA V - NPCs drive off overpass and cause never-ending chain reaction explosions | settimi_
    invidious1
    600 views
    Thumbnail for Dial Up Modem Handshake Sound - Spectrogram0:29
    Dial Up Modem Handshake Sound - Spectrogram
    Invidious8
    34 views
    Thumbnail for Don't fuck with Gary from Chicago.1:17
    Don't fuck with Gary from Chicago.
    bestofupgoat
    560 views
    Thumbnail for Rogan DISMANTLES Rolling Stone Founder On Censorship ~ The Jimmy Dore Show16:10
    Rogan DISMANTLES Rolling Stone Founder On Censorship ~ The Jimmy Dore Show
    bestofsaidit
    1081 views
    Thumbnail for John Stossel on the Media, Liberty, and Why He Doesn't Miss Working for ABC35:27
    John Stossel on the Media, Liberty, and Why He Doesn't Miss Working for ABC
    ReasonVids3
    1332 views
    Thumbnail for Will There Be Bail-ins? - Question For Corbett22:29
    Will There Be Bail-ins? - Question For Corbett
    corbettreport_uo
    2273 views
    Thumbnail for Why White Women Want to Be Black11:26
    Why White Women Want to Be Black
    AmericanRenaissance
    2488 views
    Thumbnail for Ongoing Escalation0:20
    Ongoing Escalation
    bestofupgoat
    461 views
    Thumbnail for Why Men are becoming Women 0:17
    Why Men are becoming Women
    bestofvoatxyz
    1083 views
    Thumbnail for Are We Rome? Ben Powell Compares the U.S. with the Roman Empire5:13
    Are We Rome? Ben Powell Compares the U.S. with the Roman Empire
    ReasonVids
    1113 views
    Thumbnail for Dirty talk | Random crazy chicks McGravin19:25
    Dirty talk | Random crazy chicks McGravin
    invidious1
    1178 views
    Thumbnail for Watch Ron Paul's Farewell Address!48:54
    Watch Ron Paul's Farewell Address!
    ReasonVids3
    1378 views
    Thumbnail for New World This Week: Corona Virus and Iran Sanctions25:06
    New World This Week: Corona Virus and Iran Sanctions
    corbettreport_uo
    2722 views
    Thumbnail for 9-Year-Old Girl Smoke The School Board Over BLM Posters2:18
    9-Year-Old Girl Smoke The School Board Over BLM Posters
    AOU
    1618 views
    Thumbnail for Obama to Citizens on Health Care: Send In All Fishy Emails2:33
    Obama to Citizens on Health Care: Send In All Fishy Emails
    ReasonVids
    1186 views
    Thumbnail for She's Taking on a Tiny House Ban3:16
    She's Taking on a Tiny House Ban
    IJvids
    1233 views
    Thumbnail for Cat adopts ducklings5:30
    Cat adopts ducklings
    bestofupgoat
    509 views
    Thumbnail for "เลาะ" คุนญ่ากัน...ยินดี หงส์ แชมป์ | MankCs เลาะหน่อไม้1:47:21
    "เลาะ" คุนญ่ากัน...ยินดี หงส์ แชมป์ | MankCs เลาะหน่อไม้
    invidious1
    359 views
    Thumbnail for Jeb! On Suicide Watch3:44
    Jeb! On Suicide Watch
    murdochmurdoch
    1825 views
    Thumbnail for [🔴속보] 트럼프 "푸틴에 매우 화나…우크라전 휴전합의 못하면 러 원유에 25% 2차 관세"  / 연합뉴스TV (YonhapnewsTV) | 연합뉴스TV11:55:01
    [🔴속보] 트럼프 "푸틴에 매우 화나…우크라전 휴전합의 못하면 러 원유에 25% 2차 관세" / 연합뉴스TV (YonhapnewsTV) | 연합뉴스TV
    Invidious8
    27 views
    Thumbnail for Do Different Voltages Mean the Same Thing? | Electrician U8:08
    Do Different Voltages Mean the Same Thing? | Electrician U
    Invidious8
    21 views
    Thumbnail for Couple rescued abandoned dog0:24
    Couple rescued abandoned dog
    bestofvoatxyz
    1029 views
    Thumbnail for The Knockoff Economy: How Copying Benefits Everyone9:24
    The Knockoff Economy: How Copying Benefits Everyone
    ReasonVids
    1201 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