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Middle class is shrinking

August 27, 2013
The Advertiser-Tribune

In response to a recent letter to the editor, it's no secret that many auto industry workers and some public employees used to be overpaid with many fringe benefits. That is not the case anymore, at least in Ohio. That is why foreign auto companies faced low tariffs and were invited in to the U.S. and thrived so much for a while - but the quality of U.S. auto companies' cars has improved so much over the last several years. These employees' salaries have stabilized and their employee benefits have been reduced to stay competitive. Ohio public employees have been reduced by attrition and added job duties and reduced pensions (pension are capped at 65 percent with reversion to spouse starting in 2015) assuming the employee is able to work at least 30 years and larger employee contributions to public retirement systems are being made.

 
 

 

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