Special interest groups whose members' compensation comes from tax dollars are afraid that Michigan's economic crisis will impact their paychecks. They're right to be concerned since there is less private money left to pay generous public-sector salaries and benefits. Here's a reminder of the compensation gap between the two sectors.

It was once the case that public-sector employees got lower pay in exchange for greater job security. Generally, they get both more pay and more security now.

Stay Engaged

Receive our weekly emails!

~~~~~

Related Articles:

Friedman Legacy Day

Planning for Life Workshop – Suttons Bay, MI

Michigan Adequacy Study Shows the State Already Spends Plenty on Education

Mackinac Center Weighs in on State’s Education Adequacy Study

How Bad Investment Rate Projections Cause Pension Underfunding

Here's What the NY Times Got Wrong On Detroit Public Schools