Will Pensions Cause People To Flee?

Steven Greenhut: Here is a good analysis in the LA Business Journal from CalWatchdog contributor Wayne Lusvardi:

A new trend may be soon emerging called “red flight” to describe the rapid mass out-migration of residents from cities and counties that are insolvent due to inability to meet public employee pension obligations (i.e., cities that are “in the red”). Unlike the term “white flight,” this flight may span across ethnic or political colors.

A new study released by Northwestern University’s Kellogg School of Management forecasts that there may be future population flight from many of California’s large cities due to their inability to meet mounting public employee pension obligations.

Read more.

No comments

Write a comment
  1. stevefromsacto
    stevefromsacto 1 November, 2010, 16:30


    Reply this comment

Write a Comment

Leave a Reply

Related Articles

‘Jailed’ teachers protected by union; other teachers vote to decertify CTA

November and December proved interesting times for teachers and their unions as the calendar marched toward 2014. While some unions

Richard Cohen ignorant about guns and schools

April 11, 2013 By John Seiler One of the more insufferable things about living in Washington, D.C., a hideous place

State of the State

The Governor just addressed the unfairness of some states getting sweetheart deals on health care, while California pays for it.