Saturday, October 1, 2011

Public sector unions

Reading the paper this week I saw a picture in the business section accompanying a story on the Greek financial crisis. The picture showed a group of angry protester protesting austerity measures being taken to try to save the Greek's economy.

So what does the Greek situation have to do with public sector unions? They both seem to think money can be produced like magic from thin air. For years promises have been made to the Greeks and public sector unions that are impossible to keep.

It may be too late for the Greeks with the low birth rate that is common in Europe there is not enough people to come close to meeting the promises. You see these promises of early retirements and socialized medicine were fine with a rising tide of workers to pay for them but the tide quit rising.

There may still be time in the U.S. we are one of the few developed countries without a drastic fall off in births. This is why I saw similarities between the Greeks and the public sector unions they both seem to think that they are entitled to money that just isn't there.

The reality train has been rolling for the last few years let's hope we can make the right decisions to make the drastic and painful changes that are necessary for our country. I don't mean to pick solely on the unions but the government and it's workers the unions are collectively us the people of the U.S. and therefor the place to start cutting. We need to do this through across the board reduction in budgets, attrition, and revamping the budgets of our future expenses(government retirement packages).

1 comment:

  1. I agree with you on public sector unions. I run into this frustration often-- I work in a non-profit. Our funding is low, and we pay very low wages to our employees, by necessity. State workers in unions doing the same job earn twice to three times as much per hour as the people who work for me, along with a host of other benefits. And-- and really, I say this objectively, it's the truth-- the quality of service and the overall integrity of programs is much, much higher in the lower paid private non-profits. I largely blame the unions.

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