Banker Bonus Anger Is Shifting to Government Workers: Bloomberg.com

Bloomberg

Feb. 24 (Bloomberg) — Move over, investment bankers. The next victims of populist backlash are going to be state- and local-government workers.

As usual, it’s all about the numbers, except this time we’re not talking about dollars in a bonus check. No, this time it’s about numbers of jobs.

Businesses have fired 8.5 million people, or 7.4 percent of those on the payroll when employment peaked in December 2007. Local governments kept hiring through September 2008, and since then have fired 141,000 workers, less than 1 percent of the 14.6 million they had at the top, according to the U.S. Bureau of Labor Statistics.  Click the image for the full story.

Advertisements

1 Comment

Filed under Accountability, Minnesota, Red Wing

One response to “Banker Bonus Anger Is Shifting to Government Workers: Bloomberg.com

  1. sueinmn

    Great reporting Kent! Government has grown so large and the union bashing generally groups us all together. It is time for the public sector to feel the pain as the private sector has endured and as the private sector embraces “change”. That change is not what I am going to post about though. I can see the public back lashing grouping us all together, this is why I am posting. To inform those willing to read with an open mind that these same strong union protections do not apply to all of us equally. The public sector definitely enjoys stronger job security with more negotiating power than the rest of us. Take a look at the statistics below and see how the many of us have little negotiating power as we are few in numbers and so we cannot all be grouped together in these reports.
    In 2009 the union member rate was 12.3 percent.
    In 2009, 7.9 million public sector employees belonged to a union, compared with 7.4 million union workers in the private sector. The
    Union membership rate for public sector workers (37.4 percent) was substantially higher than the rate for private industry workers (7.2
    Percent). Also increasing the government numbers- Government employees
    (781,000) comprised nearly half of the 1.6 million workers who were covered by a union contract, but not members of a union.
    The number of wage and salary workers belonging to unions declined by 771,000 to 15.3 million, largely reflecting the overall drop in employment due to the recession.
    Some highlights from the 2009 data are:

    –More public sector employees (7.9 million) belonged to a union than did private sector employees (7.4 million), despite there being 5 times more wage and salary workers in the private sector.
    http://www.bls.gov/news.release/union2.nr0.htm

    Now to speak about construction jobs, this data is from August 2009 according to an analysis released at last year’s convention of the Minnesota Building & Construction Trades Council. Being this report is months old, the numbers are much greater.
    Construction jobs have dropped in nearly every U.S. community, but Minnesota is among the hardest-hit, according to an analysis released at the convention of the Minnesota Building & Construction Trades Council. Unions participating in the convention said government must act to restart the industry and restore jobs.
    From June 2008 to June 2009, Minnesota lost 18,000 commercial and residential construction jobs – 16.2 percent of the employment in that sector – according to an analysis of Bureau of Labor Statistics reports by the Associated General Contractors of America.
    Duluth-Superior lost 2,800 jobs – 31 percent of overall construction employment – and had the third highest losses of the 352 communities surveyed. The Twin Cities weren’t far behind, hemorrhaging 16,200 jobs – 21 percent – and ranking 324 out of 352 in employments. The Twin Cities Metro presently has over 2000 union electricians out of work. (IBEW 292 & 110. I haven’t followed statistics of the other trades)
    “Construction workers remain, unfortunately, on the leading edge of job losses during this recession,” Ken Simonson, chief economist for the national contractors association, said in the analysis released last week. “While other sectors of the economy have been hit hard, construction employment has been devastated.”
    More than 200 metropolitan areas suffered double-digit percentage declines in construction employment in the past 12 months, he said.
    These statistics were taken from an article in the Workday Minnesota, written by Barb Kucera on August 6, 2009.
    http://www.tcdailyplanet.net/article/2009/08/05/minnesota-construction-workers-especially-hard-hit-recession.html
    With the public back lashing to begin,
    I thought this might be food for thought being we are not all enjoying the raises and job security that the public sector enjoys. For the private sector, our jobs are not secured, our pensions and benefits are not being bailed out by taxpayers and many of us are looking at serious concessions with hopes of some type of recovery to occur. Most of are aware of government being top heavy, it may be time to eliminate some of those at the top (non union) as how many of those positions will really be needed sucking the cream off the top, as this economy continues to tumble downward?

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s