Quote Originally Posted by RGA View Post
Here's something I would like explained

How does an individual making less money each year help the economy?

Please explain.

See here is my problem with the "times are tough let's give pay-cuts to all public sector workers" view. Private Businesses workers ***** and complain that public sector make too much or are overpaid. Good. Fair enough I suppose.

...
I the first place I believe that J.M. Keynes was right that the economy prospers when "demand" (people's ability & willingness to buy stuff) exceeds supply.

Contrary to what most Right-leaning people believe, high taxes for business and regulations aren't the problem today for our NA economies. It's the lack of demand, Stupid.

The matter of relative pay levels of private business versus public sector employees. 50 years ago when I was young, people have the impression that civil servants were underpaid, but were also under worked, and had secure jobs, good benefits, and great pensions.

Rightly or wrongly, the above impression has only changed in that public sector works are no longer seen as underpaid. The fact that private sector real wages and job security has fallen like a rock in the last decade and more while the public sector has not, might have something to do with that. (I allow that teachers, as a specific group, might not be the best case in point.)