[quote=CA renter]
Public employers offer these benefits in order to keep their recruiting and training costs down because of the lower employee turnover, and they also attract the best possible candidates for these positions. Contrary to the myths pushed by the Privatization Movement, most government agencies perform very efficiently and have extremely high-quality employees. With the millions of public employees in this country, you’re bound to get a few bad apples, but for the most part, they are very well-trained, responsible, trustworthy employees. And since many of these employees have positions that require high levels of trust and responsibility, it’s incredibly important to hire and retain the best candidates possible.
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So public sector employees are better than their private sector counter parts.
[quote=CA renter]
DIY investing might work well for Piggs and other nerds who spend an inordinate amount of time analyzing economic and various market trends. This is a small group of fortunate people who are inclined to have above-average IQs, financial acumen, and investment returns. Even here, we know that many of us will under-perform at one point or another.
[/quote]
Yet they aren’t smart enough to manage their own funds.
So they deserve better pay because they are better. They deserve better benefits because they are superior to their private sector counter parts. When their fund managers and leaders make bad benefit and investment decisions their inferior counter parts can pay more taxes to make up the difference. Sounds fair to me.
