A Modest Pension Proposal

IEA Fellow Nick Silver writes for the Wall Street Journal

Last week Britain's public-sector unions announced that they would soon commence a "long, hard and dirty" dispute over proposed changes to their members' pensions. Trades Union Congress Secretary General Brendan Barber says he is fully confident that the public will back the industrial action. Because this strike will cost the public a great deal of money and inconvenience, and because the unions have asked us to back them, it's worth taking a non-partisan look at whether their cause is justified.

Pensions are a form of deferred compensation, so it clarifies matters to look at them as part of workers' overall...

Read the rest of the article on the Wall Street Journal website (£).

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