I would like to know why NONE of these analysis ever include the dollar value of rock solid public employee job security when they consider total compensation.
In other words, what’s it worth for virtually guaranteed life time employment with little or no chance of EVER being fired? 10% of salary??? 20% of salary????
And another aspect of this has crossed my mind....since job security is a benefit of and compensation for public employment, why can’t public employees be taxed for that extra income????
Not to disagree with your sentiments, but I think at this point in time there is at least some indication public employees will be hit with lost jobs.