When their pensions are taken into account, government employees are ridiculously overcompensated already. They’re basically minor nobility at this point.
When their pensions are taken into account, government employees are ridiculously overcompensated already. They’re basically minor nobility at this point.
The housing crisis is the Everything Crisis. It’s destroying competence of government services, as no one ambitious will accept this fate.
It destroyed competitiveness of our industry because you can’t pay a worker less than it costs to rent.
It’s causing apathy and rise in extremist views among younger population as they realise they have no path to dignified future.
I am hoping that China does well for itself and one day we can just consider them as an example of competent and coherent governance and sort out our shit.
For what it's worth, it's also quite illuminating these days to compare injury history with him. We've had a lot of the same stuff happen, but when it happens to me, he always overestimates the effect because he's still suffering from never recovering properly thanks to a lifetime of no-premium but shitty Kaiser HMO treatment that used the lowest-cost option for literally everything, whereas I had to pay for stuff but at least got the latest available surgical procedures and proper supervised rehab, so my injuries actually healed and I'm not just suffering for the rest of my life like he does.
If you are not already retired or close to retirement, you should assume that the normal retirement age is ~70 years. Anything lower cannot be sustained with the current demographic structure.