By: Diane Benjamin
The story goes in numerous directions, but it starts with the fact that people who are capable of working remotely are leaving large metro areas. Why live in a shoebox in New York City when you can live for a lot less anywhere else in the country.
Eventually it gets to a chart of highest adjusted Cost-of-Living salaries. Bloomington-Normal is listed as number 4 on the list of metros with a population between 100,000 and 349,999:
This means people have more disposable income here than in other areas of the country. Before celebrating, dig deeper. The chart below shows the area’s largest employers according to the financial statements Normal just issued:
HALF of the top 10 employers are government.
Country Financial is cutting 200 jobs, no longer offering pensions to new employees, and modifying pensions for existing employees: https://www.pantagraph.com/news/local/country-financial-to-cut-200-jobs-over-the-next-15-months/article_11c5dddf-69f0-58cc-85ea-4a8ae779d313.html
How many jobs has government cut?
Now go all the way to the bottom of the original story. There is another chart that compares the local cost-of-living to the national average. Click Small Metros:
The local cost-of-living is almost 8% lower than national.
The most recent example of government handing out cost-of-living increases is the Town of Normal. Stan Nord has questioned the amount given ever since he was elected. Normal uses the national consumer price index to give cost-of-living adjustments. Since the actual cost-of-living here is less than national, Normal is actually handing out salary increases and pretending they are cost-of-living adjustments.
This Town of Normal document recaps recent cost-of-living increases: http://www.normal.org/ArchiveCenter/ViewFile/Item/3030
See PDF pages 49 and 50. Between April 2016 and April 2018 these increases amount to 6.43%. According to the chart above, over 10 years the actual cost-of-living only increased 9.2%. I could research the entire 10 years, but obviously it would show way over actual.
Looks like government employees are fine, private sector not so much. Growing government always means the private sector suffers. Government doesn’t make their own money, they only take money from the people who actually earned it.
Understand LIMITED GOVERNMENT yet?