Just a Reminder: The Economic Policy Institute is Dominated by Labor Interests

In sum, intentionally or not, some very questionable analysis has consistently understated the privileged position of public employee unions and the extent to which taxpayers are on the hook. The actual figures are stunning: “Rauh and Novy-Marx estimate that each household already owes an average of $14,165 to current and former municipal public employees in the 50 cities and counties they studied, only including the unfunded portion of benefits that have already been promised based on work performed. In New York City, San Francisco, and Boston, the total is more than $30,000 per household. In Chicago, the total is more than $40,000 per household.”