The Government Union Monopoly

Daniel Borenstein of the Contra Costa Times shreds the myth the government worker’s unions deserve their pricey pensions to make up for lower salaries than their private sector counterparts:

A study released Thursday undermines that rationale. In California, wages of state and local government workers are similar to, or slightly higher than, wages for comparable workers in the private sector, according to the analysis. Add in pension and retiree health benefits for government workers, and the total compensation for career public sector employees is substantially more than in the private sector…As the study authors correctly conclude, “the current public compensation systems are overcommitted to large vested pension rights, which do not provide state and local governments with adequate flexibility to manage their budgets. That can’t continue.”