-- Connecting the dots between our economy, government and business --
Illinois nearly 100 years ago could boast the highest national average for an entry level hourly wage, but it is currently ranks close to last amongst other states. Average entry level workers earn $14.06 hourly in Illinois, but in 1935 they would have earned $15.43 hourly with inflation adjustments.
Summary and audio linked here.
Chicago’s political leadership is floating a pension buyout program as evidence it is seriously addressing the city’s thirty-six-billion-dollar unfunded pension liability, but Mark Glennon, founder of the Illinois policy research organization Wirepoints, said that the proposal moves debt from one column to another rather than reducing it, and that the broader fiscal picture facing the city continues to deteriorate across every measurable dimension. Audio here.
Expect no retraction or apology. This what they do.
The state’s existing buyout program for its own pensions is the precedent for Chicago, which should be a warning: Look out for similar exaggerated claims and shoddy analysis.
Full interview and summary linked here.
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Detroiter’s once had the highest per capita income in the world. You wouldn’t know it today thanks to Democrats.
It’s a long way down and most Illinoisians don’t even know that they’re already on the elevator.
If you morons were awake, you would realize that this is what 100 years of one party rule looks like.
And an estimated but laughably low 500,000 illegal immigrants driving down wages for natives. Few sanctuary politicians rarely even consider that illegal immigrants drive down the wages of natives, often significantly. Blacks know it though, they see it every day in their communities.
That sounds like a reasonable explanation until you consider it says “worker” these people are not “working” if they are it’s not legally and they are not counted.
Did you take lessons from Rahm Emmanuel? Never let an opportunity to call people morons go to waste?