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A comment on California is the only state to hide its spending – nearly $300B a year. Parent comment

Re:California is the only state to hide its spending – nearl... by rkk3 on Sunday December 12, 2021 @02:01PM (#29532472)
All I said is that it might be excessive to pay 40% of public employee's individually [1] 40k more a year than the median household income [2] in the area.

Don't equate that with arguing for Austerity.

https://www.openthebooks.com/forbes-why-san-francisco-is-in-... [1] https://www.census.gov/quickfacts/sanfranciscocitycalifornia [2]

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Re:California is the only state to hide its spending – nearl... by all2well on Sunday December 12, 2021 @02:40PM (#29532879)
Are you not arguing that public sector employees in San Francisco should get a pay cut?
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Re:California is the only state to hide its spending – nearl... by rkk3 on Sunday December 12, 2021 @07:46PM (#29535330)
Not really, all I did was question the OP scoffing that an 150k salary is not a lot of money. My mother is a public school teacher.
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Re:California is the only state to hide its spending – nearl... by kesselvon on Monday December 13, 2021 @09:56AM (#29540107)
It's not a lot of money in San Francisco, where you're fighting with every tech company employee for housing
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Re:California is the only state to hide its spending – nearl... by rkk3 on Monday December 13, 2021 @01:26PM (#29542600)
Do you have a quantitive way of making the distinction of what "a lot" is? 150k is substantially more than the average SF household, and is about 83 percentile for individuals.

https://dqydj.com/income-by-city/

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Re:California is the only state to hide its spending – nearl... by bobthepanda on Wednesday December 15, 2021 @09:55PM (#29574286)
Average home prices in SF is 1.3M, so a household of two teachers would give them a P/E ratio of 5. The P/E ratio for the average US home is 4.4.

Are teachers overpaid, or are people in SF underpaid relative to the value of a house?

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Re:California is the only state to hide its spending – nearl... by kesselvon on Wednesday December 22, 2021 @10:52PM (#29658468)
a P/E ratio of 4.4 is nuts. The fact that we normalized that is wild. Same for committing 30% of net income to housing.
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