[quote=flu]
It depends how the rest of the economy is doing. I guarantee if the rest of the economy is in the tanks, despite newer folks grumbling for crappy compesnsation, they’re going to put up with the crap in order to pay for the bills….Plus there will be plenty of other people who probably would be looking for work.
Conversely, if the economy is doing well, there’s probably not a need to reduce pay to these people either, because in theory, more money will be coming in as tax dollars (more people spend more-> increased tax dollars).[/quote]
That would be fine if the City would actually give the money to the employees during the good times. But as is very obvious to me now, the pattern of government is to “Pay next Tuesday for a hamburger today” and when Tuesday comes around, cry about not having the money.
I know for a fact that there was a period of time when cops did not get a COL raise and instead they agreed to have the City put more money in the pension — at the time the City was making something like 18% ROI. So why didn’t the City just give them a raise instead, since they had the money?
Unfortunately, I think the cops got the bad end of the deal there b/c of course now the City doesn’t want to honor any contracts and is apparently successful in getting people to rally on their side against the cops.
That is why I brought up the bank contracts earlier. No difference. If a CEO or whoever can still get their ridiculously high bonus when taxpayers are footing the bill just b/c it was in the contract, well, certainly some guys putting his life on the line who has a contract for X should expect their end of the deal to be fulfilled.
