An interesting article in the Wall Street Journal. Very informative on the cost of benefits teachers receive.
The showdown in Wisconsin over fringe benefits for public employees boils down to one number: 74.2. That’s how many cents the public pays Milwaukee public-school teachers and other employees for retirement and health benefits for every dollar they receive in salary. The corresponding rate for employees of private firms is 24.3 cents. |
The numbers are unpacked in the article, and they are eye opening.