Post
Topic
Board Economics
Re: Fed on brink of fifth(?) round of quantitative easing
by
larry_vw_1955
on 09/10/2023, 23:56:23 UTC
So your solution to the fact that wages haven't kept up with inflation is to take away 2 weeks of PTO from federal employees?
no of course not. those are 2 separate issues...

https://www.cbo.gov/topics/employment-and-labor-markets/federal-personnel

The federal government employs about 2¼ million military personnel (of whom about 1 million are reservists) and about 2¼ million civilian personnel (of whom nearly 60 percent work for the Departments of Defense, Veterans Affairs, and Homeland Security). CBO assesses the pay and benefits of the nation’s armed forces and civil servants as well as proposals to change the compensation of those workers.


But paying 5 million people 11 days wage while they don't even work every single year makes me wonder if any of them are really necessary in the first place and how many of them could we get rid of and still things would run smoothly. 5 million times 11 days times say $100 per day. You do the math. That's money we could use to pay down the government debt. $5 billion.

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How exactly does that help? Make everyone work more hours for less money? Make them just survive and no more, and have no disposable income to buy anything other than the bare essentials? That's not exactly a route to a thriving economy, which is what is actually needed in order to bring down the deficit.
I want to see the federal government actually raising the minimum wage to $25 per hour.

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This thread is getting more and more off topic as time goes on so I may lock it soon.
Fair enough but all these fiscal issues have more to do with unfair treatment of peoples wages than I think alot of realize...