-- 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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It’s about time those bureaucrats got their arses back commuting.
Downtown Chicago attempting to survive on government employees sounds about right.
Private sector workers who used to commute downtown aren’t coming back. If you can do your job with a computer/phone, and you have skills/experience not easily found/replaced, then you will forego the commute and the crime (especially for crime ridden CTA) and stay remote.
Many employer complain they can’t find local workers because everyone wants to work remote. My spouses’ employer is constantly having people ask ‘can i be fully remote for this position’ and when they say No, they candidate declines to continue with the interview. Nobody wants to move to Chicago for the job anymore.
Practically 100% of our IT applicants ask about or insist upon WFH. We have several hundred software developers working from India, never coming here in person. So why should any IT developer come in who is American? Seems only right if you’ve shipped all your jobs offshore you have no right to ask anyone here to schlep to work in a car.
Get with the program, Rick. US citizens are second class to the rest of the planet. Immigrants are their brethren back home are better than you.
You don’t deserve it. They do. Get used to it.
Thats the way its been for a decade or more. WFH in IT is a natural fit where you actually gain productivity. Also the lack of American IT talent means companies can hire from Europe, Asia, down under, Canada, etc. And not just be limited to whatever talent lives in a 50 mile radius.