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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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Too bad these people don’t realize that being able to put a pretty swirl on a latte is not a marketable job skill that’s going to pay you a lot of money. Instead of putting their time and effort into unionizing maybe they should put their time and effort into a useful education or trade. Let’s face it, not every job out there will support a family of four. Everybody wants more money, I get it, when I was younger I quit and worked for the place that paid more money. Unionizing the store has just hampered it. The Jewel… Read more »
Want a good paying union job? Work FOR the union. Their staff salaries far exceed what union members make.
These “organizers” don’t want a union job per se, they want to run a union shop.
Oh you got THAT right my friend! Get on the regional executive board…no work, nice pension.
More Norma Rae Wannabes Demonstrate How To Lose Your Job — Unionize Workers That Can Be Replaced With Machines Tomorrow – Chicago Tribune — REALITY CHECK: US Robot Orders Surge 40% As Labor Shortages, Inflation Persist – Fox Business
The “wave” is a few random Starbucks. Let’s see if the tip jar disappears under their new union wages.
Meanwhile, large union outfits like AFSCME continue to report declining membership. It’s basically a “can’t see the forest for the trees” story happening.