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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: Skeeter Bug who wrote (244058)4/14/2010 12:19:53 AM
From: marcherRead Replies (4) of 306849
 
my comment was legit--teacher salaries lost to inflation. i did not say there were no pay increases--that's your misinterpretation. my suggestion was that compensation (including increases) did not cover the rate of inflation.

and, yes, as i've previously mentioned, wages for the middle class have been transferred to the wealthy (saez as reference).

but the popular point of reference is bubble theft and pay-back. i agree that those who profited from the bubble should pay-back the excesses: sell the extras--real estate, car toy, boat toy, plasmatv, etc. the great majority of these excesses were private sector and related to the jobs i mentioned.

these serial bubbles are private sector bubbles, not public sector. thomas frank shows that the bubbles conincide with the intentional wrecking of the public sector. in this regard, private sector bubbles suck from the public sector.

the vilification of public employees is a persuasion tactic, a red herring distraction to divert attention from serious economic problems--the private sector blew-up...itself.

i doubt that the california public sector has added jobs, though galbraith says full-funding of the public sector is part of the solution to our economic crisis. rather than full-funding, newspapers report education cut-backs and increased class sizes (fewer teachers).

so, who reported increases in jobs?
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