Public Sector Still Doing All Right

Special interest groups whose members' compensation comes from tax dollars are afraid that Michigan's economic crisis will impact their paychecks. They're right to be concerned since there is less private money left to pay generous public-sector salaries and benefits. Here's a reminder of the compensation gap between the two sectors.

It was once the case that public-sector employees got lower pay in exchange for greater job security. Generally, they get both more pay and more security now.