Bleeding Public Sector Workers!!!

[Churchill]

Aaah,the "institute of Directors"



It wasn't so long ago that private sector workers had good pensions too, these were sacrificed on the alter of corporate profit. You will notice that most FTSE 100 directors still have very nice pensions indeed, not to mention average 40% pay rises in the last year. Imagine the outcry and hand wringing, not to mention legal action, if it were decided that these people were going to have their pensions snatched from under them. The sense of "entitlement" seems far stronger amongst these captains of industry than amongst public sector workers IMO.

I like the way that people are happy to blather on about "the politics of envy" when anyone questions the remuneration of those at the top but don't see the irony in criticising those with better pensions and easier jobs who would like to keep things how they are.

Not a bad post.

It's such a pity that as soon as I see a spelling mistake my eyes gloss over and I begin to lose interest.

[d000hg]

"all the contractors with kids" that don't have a partner/nanny already at home looking after the kids account for about
0.0000011% of the country as a whole.

HTH BIDI

Yes but, you tosser, this is a forum FOR contractors. Not to mention, the number of households with children and 2 working parents is, well let's keep it simple for you, a big number.

[Mich the Tester]

Aaah,the "institute of Directors"



It wasn't so long ago that private sector workers had good pensions too, these were sacrificed on the alter of corporate profit. You will notice that most FTSE 100 directors still have very nice pensions indeed, not to mention average 40% pay rises in the last year. Imagine the outcry and hand wringing, not to mention legal action, if it were decided that these people were going to have their pensions snatched from under them. The sense of "entitlement" seems far stronger amongst these captains of industry than amongst public sector workers IMO.

I like the way that people are happy to blather on about "the politics of envy" when anyone questions the remuneration of those at the top but don't see the irony in criticising those with better pensions and easier jobs who would like to keep things how they are.

Good points. A few years ago the CEO of ING bank wrote an article in a national newspaper quite literally threatening to move the bank's head office to some other country if people didn't stop complaining about his multi million euro bonusses. The newspaper's editor wrote a very polite response explaining that seeing as he's not the owner of the business it's not his decision, and seeing as it's his responsibility to do what's best for shareholders, he would have to prove that such a decision is in their interests.

3 months later, the very same CEO visited the Finance Minister on a Sunday afternoon demanding 30 billion euros to keep the bank afloat and open as they'd lost all their customers' money betting on dodgy US mortgages.

He was then paid about 10 million, out of a company that was just saved by the taxpayer, to retire.

[doodab]

Not a bad post.

It's such a pity that as soon as I see a spelling mistake my eyes gloss over and I begin to lose interest.

It's spelt right, it's just the wrong word. I've fixed it now though.

[EternalOptimist]

The way I see it, it's not about an attack on pensions in principle, it's a spin-off from the billions that Brown chucked at the public sector 'in order to bring spending in line with blah blah blah'

the money was not spent wisely, with a huge chunk going into wages. The knock on effect in pensions is massive.
Trying to reset the balance is difficult. using inflation, pay freezes and small cuts is the best way imo

[doodab]

Trying to reset the balance is difficult. using inflation, pay freezes and small cuts is the best way imo

What's wrong with batons & water cannon?

[craig1]

There are some public sector workers I know that genuinely do need bleeding.

[Support Monkey]

Good points. A few years ago the CEO of ING bank wrote an article in a national newspaper quite literally threatening to move the bank's head office to some other country if people didn't stop complaining about his multi million euro bonusses. The newspaper's editor wrote a very polite response explaining that seeing as he's not the owner of the business it's not his decision, and seeing as it's his responsibility to do what's best for shareholders, he would have to prove that such a decision is in their interests.

3 months later, the very same CEO visited the Finance Minister on a Sunday afternoon demanding 30 billion euros to keep the bank afloat and open as they'd lost all their customers' money betting on dodgy US mortgages.

He was then paid about 10 million, out of a company that was just saved by the taxpayer, to retire.

Yes but as i have pointed out before, the uk is a nation of bankers, its the Uk's biggest industry taking in the biggest amount of cash so although they have dropped us in the tulip we still need to pay for top talent cos if we don't some other country will, and if we lose banking what have we got to fall back on nothing, on the other hand the public sector is a large bloated organisation full of dead wood that should have been cleared out along time ago and whilst alot of them do a stirling job many of them are taking the P***

Give to those that produce or deserve and take it from those that don't

[Doggy Styles]

Aaah,the "institute of Directors"



It wasn't so long ago that private sector workers had good pensions too, these were sacrificed on the altar of corporate profit. You will notice that most FTSE 100 directors still have very nice pensions indeed, not to mention average 40% pay rises in the last year. Imagine the outcry and hand wringing, not to mention legal action, if it were decided that these people were going to have their pensions snatched from under them. The sense of "entitlement" seems far stronger amongst these captains of industry than amongst public sector workers IMO.

I like the way that people are happy to blather on about "the politics of envy" when anyone questions the remuneration of those at the top but don't see the irony in criticising those with better pensions and easier jobs who would like to keep things how they are.

Yeah, bankers have f***ed up. But we are where we are.

People working in the private sector, the vast majority of whom are not investment bankers or members of the institute of directors, earn less than public sector workers (average wage is lower), don't have defined pensions except in a small number of cases, don't have jobs for life and don't retire at 55.

So if they are taking a hit due to the UK deficit problem, so can public sector workers whose cost (thanks to Gordon) is a significant factor in that problem.

[TheFaQQer]

Yes but as i have pointed out before, the uk is a nation of bankers, its the Uk's biggest industry taking in the biggest amount of cash so although they have dropped us in the tulip we still need to pay for top talent cos if we don't some other country will, and if we lose banking what have we got to fall back on nothing, on the other hand the public sector is a large bloated organisation full of dead wood that should have been cleared out along time ago and whilst alot of them do a stirling job many of them are taking the P***

Give to those that produce or deserve and take it from those that don't

A full stop isn't generally considered optional, you know.

HTH.

(oh and I UK because a lot and sterling)