Political Science 2246E Lecture Notes - Lecture 22: Market Discipline, Job Security
15 Apr 2016
School
Department
Course
Professor
Document Summary
A gap has developed which has created two different worlds in terms of private vs public sector happenings. Donahugh sees this as two different worlds (desert vs ocean) Economic distance separating people are wider than ever. Government was the island from all of this, unaffected. In government rewards at bottom and top are not that different, all earn middle class salaries. Some workers who do not want to work in private sector seek out safe jobs in government. Some people nd that compensation is not high enough all the way around. Private sector abandons social contract of equality. Public sector criticized for lagging behind in ef ciency and opportunity. Private and public sector faced with different challenges: Absence of market discipline: business try to turn pro t. Manager in private sector can be con dent that turning pro t will be seen as good. If costs go up and it eats into pro t that is bad.
