Public Sector Unions and Rent-Seeking

Last week, Nathan Benefield blogged how the average public sector employee earns a 34% higher salary and 66% more in employer benefits than the average private sector employee.

Armand Thieblot, featured on CATO’s Weekly Video, explains how this distortion in public sector pay is the result of rent-seeking by unionized government workers. According to Thieblot, government unions left unchecked will likely bankrupt most states and possibly the nation before social security or the new healthcare requirements get the opportunity.

Click here to learn more about public sector unions and their consequences in Thieblot’s video.