A report by Policy Exchange published last week claimed that public sector workers are better
off than their private sector counterparts in terms of hours worked, retirement age and pension quality.
Not exact matches
That is because banks,
private - equity firms and institutional investors have continued to pour money into the
sector even as oil companies slashed billions of dollars in spending from their budgets and laid
off more
than 100,000 workers.
More
than one - third of
private -
sector workers do not have a single paid sick day, and only 13 percent of
private -
sector workers have paid family and medical leave.7 Furthermore, it is often the workers who can least afford unpaid time
off from work who do not have access to these policies.
When Mr Soapbox worked for the municipal government years ago, he was told that the reason why he was paid less
than the
private sector was because a government job was secure and had less risk... then they laid
off 40 % of his department.
The school boards group also urges a statewide freeze on government salaries - which would save billions without laying
off a single employee or cutting back a single service - and requiring all workers to pay at least 10 % of their health insurance costs, which is less
than most
private -
sector workers shell out.
According to a Center for American Progress report examining the largest school districts in the country, schools are closed for an average of 29 days each school year — not including summer recess — which is 13 days longer
than the average
private sector worker has in paid leave.58 Not only do days
off increase the cost of child care, but the short length of the school day also decreases economic productivity when parents have to take time
off from work or when parents with elementary school - age children opt out of full - time employment in order to accommodate their children's schedules.59
Without the incentive of loan forgiveness, most professionals in their right minds would prefer higher - paying jobs in the
private sector that will allow them to pay
off their debts
than roll the dice on a public
sector career that may put their finances underwater forever.