(Crain’s) — Bashing Wall Street executives is so 2009. The new bogeymen for these tough economic times? Teachers, firemen and subway conductors.
Public-sector workers have come under attack on multiple fronts in the past week. Mayor Michael Bloomberg said he would eliminate teachers’ raises for the next two years in order to avert 4,400 layoffs.Gov. David Paterson outlined a plan to lay off thousands of state employees in response to a judge’s ruling that he couldn’t furlough workers and block their raises. And a report showing that more than 10% of Metropolitan Transportation Authority workers earn over $100,000 a year was splashed across the city’s newspapers.