Public versus Private Sector Workers : A Look at Earnings, Compensation, and Economics. Are p ublic sector workers overcompensated? What impact does a higher standard of living for unionized public sector workers have on the economy?. Unions and Earnings.
Are public sector workers overcompensated?
What impact does a higher standard of living for unionized public sector workers have on the economy?
GDP per capita
Median Family Income
Real GDP per capita growth rates2006-2009GDP is measured as the expenditures of households on goods and services plus business investment, government expenditures, and net exports. GDI is measured as the factor incomes earned (labor and capital income) and other costs incurred in production.
Personal Income: Percent Change2010II-2010IIIPersonal income can be defined as the sum of wage and salary disbursements, supplements to wages and salaries, proprietors’ income, dividends, interest, and rent, and personal current transfer receipts, less contributions for government social insurance.
Should we include future values for pension benefits in the calculations?
Defined benefit versus defined contribution plans.
What are the long-term effects of reducing public employee pay and compensation?
Social responsibility attitudes and public sector work.