Comments on: This is why Stockton is broke http://blogs.reuters.com/muniland/2013/03/27/this-is-why-stockton-is-broke/ Bridges, budgets, bonds Mon, 24 Nov 2014 00:29:08 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: kc_call http://blogs.reuters.com/muniland/2013/03/27/this-is-why-stockton-is-broke/comment-page-1/#comment-2227 Tue, 09 Apr 2013 21:53:47 +0000 http://blogs.reuters.com/muniland/?p=12517#comment-2227 The key to determining if Stockton’s salaries are too high is to see how many open positions there are, and how hard it is to hire new workers. If, with these big salaries they still have trouble finding workers, then it’s hard to conclude they are too high. And no, I doubt they are staffing the police force with SEALS, but it’s probably true that 99 percent of the whole pool of unemployed people either don’t want to be cops or are not qualified.

Seems to me a similar position was taken in regards to Wall Street bonuses when the taxpayers were bailing them out, that without these giant bonuses that banks wouldn’t attract the kind of talent they need to place huge bets with other people’s money. Look how that ended up.

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