[ExI] those damn greedy workers

painlord2k at libero.it painlord2k at libero.it
Sat Jun 13 22:07:11 UTC 2009

Il 13/06/2009 9.50, BillK ha scritto:
> On 6/13/09, John Grigg wrote:

> It's not just wages. It's the pension schemes that have broke the bank as well.

> When workers negotiated higher wages and better pensions, it was easy
> for the management to agree to increase pension benefits. After all,
> they would be retired themselves on gold-plated pensions long before
> the pension bill had to be paid. The same applies to government
> workers. California cannot afford the pensions that it previously
> agreed to pay. The government has also spent all the pension pot and
> faces the problem of many more old people very soon.

> Just to help matters, the economic collapse and house price collapse
> has ruined private pension plans as well.

Maybe, if the government of California had let the people to organize 
themselves their pension schemes and had not so many employees the 
problem would not be so large.

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