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Quote from harkm:
Then why not have everybody work in the public sector? We will all make tons of money.
Unfortunately, this is not sustainable. The UK has been playing this game, but, just like many other things, it seems to be coming to an abrupt and painful end. The public sector pension deficit is estimated to widen to arnd 100% of GDP in the next few years.Quote from hoodooman:
I worked in both as an engineer. Private industry couldn't hold a candle to the federal government as far as my pay and benefits were concerned plus I retired at 50.