-- Connecting the dots between our economy, government and business --
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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Only the managers need workers. Without workers there’s nobody to push around! What fun is that!
It’s never coming back unless by force. I’m sure Lori is plotting some coercive method to force people into offices. Unless she kidnaps workers; they’re not coming back to any semblance of pre-scamdemic levels. Maybe if everyone could open carry a hogleg! Ya know something with a big kick!
IT job candidates now all demand remote work, even applicants in the burbs. We are having a hard time filling developer jobs that pay $150 K if the applicant is required to come to the office even as little as two days a week. Makes sense though, 80% of all the high paying IT jobs in the US are not being done by Americans, its being done by remote staffing in India. So why should an American IT pro commute? They ask… Does the all offshore IBM India staff have the come here two days a week? Valid question. My… Read more »
Your son will definitely get the job. Good for him. As long companies don’t need a reliable workforce to be readily available during normal business hours, offshoring can work. But those offshore developers are not making anywhere near $150K because the cost of living for them is significantly lower and companies take advantage of it. You can’t even call the cable company anymore without getting routed overseas. Our workforce doesn’t want to work. Offshoring labor pools provide little to no benefits and a lower wage, so it is an easy decision for cost cutters, but there are still some companies… Read more »