COMMENT #1 - Salaries out of control?
In 2005 the median household income in the United States was $46,236.
Should a city have an average personal income rate 1.5 times the median household income? And with the nepotism in most government bureaucracies, the City of Boston Employees household income is most likely much higher still!
Think of the entire spectrum of jobs in a city like Boston. Is that skill set on average that much higher than skill sets of comparable market set skill sets - which is where the median household income number comes from - salaries set by the free market (of course the median household income includes a high percentage of government bureaucracies which may be why the number is going up!)
I posit the following: as a businessman I know quite well the constraints of PROFITS. Without having to meet these constraints, and cities never do, why wouldn't salaries skyrocket?
It seems there is no reason!
Should a city have an average personal income rate 1.5 times the median household income? And with the nepotism in most government bureaucracies, the City of Boston Employees household income is most likely much higher still!
Think of the entire spectrum of jobs in a city like Boston. Is that skill set on average that much higher than skill sets of comparable market set skill sets - which is where the median household income number comes from - salaries set by the free market (of course the median household income includes a high percentage of government bureaucracies which may be why the number is going up!)
I posit the following: as a businessman I know quite well the constraints of PROFITS. Without having to meet these constraints, and cities never do, why wouldn't salaries skyrocket?
It seems there is no reason!
posted by Jim | 10:57 AM
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