by Outcast_Searcher » Sat 05 Jan 2019, 14:16:06
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')My best estimate is another two weeks but in no event lasting longer than the end of January. My reasoning is that when those 800,000 federal employees haven't been paid for a month, the drama that is created will force the two sides to make a deal. Already TSA workers are calling off sick instead of reporting to work as they are required to do. This will spread to other agencies.
True enough. There will no doubt be increasing pressure as time passes. But let's remember that (per various sources I've read over time), the federal employees all DID get paid for past shutdowns -- just after the fact.
To the extent that the federal employees are educated professionals earning good salaries (not poor people) AND they know that federal shutdowns are now, unfortunately, a "thing", being caught out without savings and being "hurt" by a few week shutdown is beyond stupid.
(It reminds me of when I was about 25 and IBM switched from a once a week to twice a month payroll. So there was going to be a gap of a week and a half at one point. You would have thought half the employees were going to starve to DEATH from all the whining. When I pointed out that professional, educated people should have savings, there was lots of outrage, I was hauled into my managers office and formally "counseled" not to say something inappropriate like that again. Sheesh. You'd think half the human race was helpless, mewling newborn kittens for heaven's sake.)
Not that I blame federal employees for being upset at not being paid promptly, or not wanting to work endlessly without being paid of course. I'm just talking about the principle of not living on the edge of economic disaster like the average uneducated person who, perhaps, actually has an excuse -- for people who damn well should know better AND should expect such gaps in pay, given modern US federal govt. politics.
I found some official stats on what proportion of US employers offer severance pay:
https://www.shrm.org/resourcesandtools/ ... rends.aspx
Given the track record of the perma-doomer blogs, I wouldn't bet a fast crash doomer's money on their predictions.