If you compare organized federal employees, many of whom have college degrees, to unorganized service-sector and retail workers, then yes, you will find higher wages in the public sector. But if you do an apples-to-apples comparison between public employees and their private-sector counterparts in related fields, you will find that the public sector is significantly undervalued.
|By: David Dayen Monday October 22, 2012 2:00 pm|
|By: David Dayen Wednesday August 22, 2012 6:45 am|
Here’s something for Michael “There’s been no short-term austerity” Grunwald to chew on: President Obama will extend the federal employee pay freeze into next year, meaning that federal employees will have seen their wages stagnate for at least two and a half years.
|By: David Dayen Monday August 6, 2012 7:00 pm|
We’ve been talking about how this Great Recession, and its aftermath, represents a private-sector recovery and a public-sector depression. We haven’t seen government payrolls get slashed this deeply in some time in America. In fact, we now have statistics to put to that, courtesy of Jordan Weissman at the Atlantic. He looks at the ratio of government employment – at the local, state and federal levels – to the US population, and finds that the ratio is at its smallest point since 1968.
|By: David Dayen Friday July 27, 2012 8:05 am|
The fight over the automatic trigger cuts, which will take place at the end of the year without Congressional action, took an interesting turn this week. The Senate passed a bill that will force the Obama Administration to provide details on how they will implement the cuts. This bill has already passed the House with a broad majority, and the President has indicated that he will sign it. But politically, it puts him – and Congress – in some trouble.
|By: David Dayen Sunday April 1, 2012 1:10 pm|
Paul Ryan performed a phalange-ectomy today on CNN’s State of the Union today, cleaning up comments he made about military leaders lying to Congress about their true opinions on the defense budget.
|By: David Dayen Friday March 16, 2012 5:09 pm|
Next week, Paul Ryan will introduce the Republican budget, which we already know will set a discretionary spending level roughly $20 billion below the spending cap negotiated in the debt limit deal. We also know that it will include the premium support program for Medicare that would end the guaranteed system in favor of a voucher to seniors to choose between a menu of private plans and traditional Medicare, necessarily weakening the bargaining power of Medicare, the best part of the US health care system in terms of cost control. Now we learn that the budget will also attempt to overrun the defense trigger, replacing the cuts to the defense budget with cuts from elsewhere, mostly to federal employees.
|By: David Dayen Thursday February 16, 2012 9:59 am|
Negotiators say they have a deal on a $150 billion bill to extend the payroll tax cut, some unemployment insurance benefits and the “doc fix” to the end of the year, a bill that will sacrifice some health care prevention money, several weeks of unemployment eligibility, and at the very end, pension contributions for new federal employees.
|By: David Dayen Monday January 9, 2012 7:30 am|
There is a depression going on in the public sector. When cops and firefighters and teachers and nurses lose their jobs, they lose purchasing power, the ability to hire private contractors or visit private businesses for the purchase of goods and services. Public employees don’t use a different currency; you cannot divorce them from the private sector.
|By: David Dayen Thursday December 8, 2011 11:10 am|
House Speaker John Boehner announced his party’s year-end legislation that would extend the payroll tax cut, unemployment insurance benefits and a patch to prevent a 27% cut in Medicare reimbursement to doctors. The legislation also includes poison pills which the President already vowed to reject, designed as sweeteners to get conservative members on board.
|By: David Dayen Friday April 8, 2011 11:40 am|
I think there’s a notion out there, expressed on the right, that shutting down a bunch of government functions that they don’t like anyway has benefits in and of itself, and furthermore it saves the government cash in the short run. But that’s actually not true.