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April 05, 2010

Good news and bad news

The bad news is Western civilization is broke. The good news is the reason we are broke (it is something we can fix, if we so choose).

It turns out our economies - and our economics - are fine. Incredibly robust, in fact, considering we have gone on for so long pissing away so much money on civil servants (via Lumpy, Grumpy and Frumpy).

Take Toronto's public transit workers, for example.

One Toronto Transit Commission operator earned $165,632 last year, even as fewer TTC operators made the $100,000-plus club.
...
The list revealed 89 operators, and 14 station collectors, earned more than $100,000. A total of 724 TTC employees, including 134 non-management staff, earned more than $100,000. The top earner at the TTC was chief general manager Gary Webster, who raked in $280,037.

Of the 14 station collectors who made the list, down from 21 last year, Yasin Saleemi earned the highest salary, taking home $114,520 -- about $10,000 less than the top collector last year.

Station collectors, for Flea-readers who have yet to enjoy the thrill ride that is the Toronto subway system, are the trolls who exchange your cash for subway tokens. You could quite literally train a monkey to do the same job. And the monkey, at least, would smile at you as he took your money.

Posted by Ghost of a flea at April 5, 2010 06:58 AM

Comments

In SF, the highly paid monkeys who 'pilot' the rapid transit trains regularly go on strike for higher pay. However, since the trains are entirely automated & run by a computer, their only job is to sit in the front of the train & make sure the doors don't close on anybody.

Posted by: jdpercifield [TypeKey Profile Page] at April 6, 2010 09:54 AM