A local talk show radio host told a story of when he was playing golf at an upscale country club in Florida. He ran into a group of youngish players (40's) and asked what they did. They were all retired NYC cops, full pensions, and set for life.

Now multiply this by three generations. For every state worker, New York is probably paying full benefits for one, maybe two, additional retired workers. This is just one of New York's many problems.

GM has the same problem. Tell me, where's the incentive for someone to keep working if, after 20 years, they can retire and still pull in the same amount of money, and move somewhere warm where the taxes are lower to boot?

• GM bankruptcy = "depression"?, rob 94 aero, Fri, 29 May 2009 17:23:22
  • GM no longer employes enough people to have this effect, MI-Roger , Sat, 30 May 2009 13:33:39
  • The unions bankrupted GM..., Mike Lynch , Sat, 30 May 2009 13:30:09
    • hmm it really wasn't just the Unions, ryan , Sun, 31 May 2009 15:19:24
      • What was the point...??, PGAero , Mon, 1 Jun 2009 10:21:04
    • The unions bankrupted GM... with management help, Noel, Sun, 31 May 2009 06:36:26
      • Yep, Jim, Mon, 1 Jun 2009 11:30:03
    • Re: The unions bankrupt many places they dominate., BobS, Sat, 30 May 2009 23:01:20
      • Yes, it has gotten to that point..., UpstateNY Bill, Sun, 31 May 2009 08:12:22 <-- Viewing This Message
    • Re: The unions bankrupted GM..., KevinM, Sat, 30 May 2009 19:03:38
    • Re: The unions bankrupted GM..., mikef, Sat, 30 May 2009 18:02:42
    • do what? (i do not intend this as a flame), repoSAAB, Sat, 30 May 2009 14:42:12
      • Consequences of Overpaying One Input Factor, Jim, Sat, 30 May 2009 15:15:28
    • It wasn't the workers or the unions who've made, No Snaab, Sat, 30 May 2009 14:12:13
      • Re: It wasn't the workers or the unions who've made, Brian Griffin, Sat, 6 Jun 2009 05:47:31
      • High Wages Means Large Cars, Jim, Sat, 30 May 2009 15:23:01
        • Re: High Wages Means Large Cars, DER, Sun, 31 May 2009 19:43:57
          • Re: High Wages Means Large Cars, Jim, Mon, 1 Jun 2009 09:29:32
            • Most carmakers do this but there's a difference, Noel, Thu, 4 Jun 2009 12:23:58
  • Graph of Unemployment by County - USDA Stats, andym, Sat, 30 May 2009 04:11:08
  • You ought to live in Michigan, TG, Sat, 30 May 2009 03:35:03
    • I grew up in Detroit, and "The Great Lakes State" is, Lawrence, Sat, 30 May 2009 10:59:56
  • Actually, "throwing in the towel", is, for all intents, Lawrence, Fri, 29 May 2009 18:53:11
    • Huh?, PGAero , Sat, 30 May 2009 12:36:45
  • Re: GM bankruptcy = "depression"?, Simon S, Fri, 29 May 2009 18:04:19
    • Re: GM bankruptcy = "depression"?, np , Sun, 31 May 2009 10:58:42
      • Agreed. Koenigsegg would be awesome. nm, Simon S, Mon, 1 Jun 2009 09:53:33
    • Re: GM bankruptcy = Chinese Cars??, Dave B 89 900s Auto, Sat, 30 May 2009 07:16:41

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