[kiryandil]

I'm beginning to think that the high .gov wages & salaries are a sort of "slow-motion hyperinflation".

One striking example is the RIDICULOUS retired state employee pensions.

You have people sitting at home @ 58 years old raking in $20, $25, $30, $35 or more dollars an hour to walk out to the mailbox twice a month for the next 20-30 years.

THAT'S why the call for a $10 an hour minimum wage is out there.

Deflation is here, but it can't force down those public sector wages & pensions.

[expat_panama]

...Deflation is here...

Agreed:

[1010RD]

Great comment. One of the absolutely unreported stories of this down cycle is government’s inability to adjust costs down. It is the cost of government that is killing jobs and the middle-class.