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Private sector workers face a worse plight

Published 08/11/2011

For many months now we have heard a lot in the media about the plight of public servants, with rarely a mention of the often much worse plight of many in the private sector.

Public servants complain about job cuts, pay freezes, forced extra contributions to their mainly very generous pensions and the demand to bring their retirement age in line with the private sector.

The private sector - particularly the building industry - has had massive job cuts, minimal redundancy packages, 30-40% pay decreases and often very poor pension schemes - if any.

Private pension schemes do not require the taxpayer to pay up if there is a black hole in their pension funds, unlike the situation in the public sector.

Maybe, in future, the media might provide a more balanced picture of the very damaging effects to all sections of the community of this worldwide recession.



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