Tuesday, May 24, 2011

California In a Nutshell, Part II

California is teetering on the edge of bankruptcy. Over-spending, prompting ever-increasing taxes, is the reason, and there's no better illustration than this:
In one of Orange County’s most desirable beach destinations, Newport Beach, lifeguards are compensated all too well; especially compared with the county annual median household income of $71,735.

It might be time for a career change.

According to a city report on lifeguard pay for the calendar year 2010, of the 14 full-time lifeguards, 13 collected more than $120,000 in total compensation; one lifeguard collected $98,160.65. More than half the lifeguards collected more than $150,000 for 2010 with the two highest-paid collecting $211,451 and $203,481 in total compensation respectively. Even excluding benefits like health care and pension, more than half the lifeguards receive a total salary, including overtime pay, exceeding $100,000. And they also receive an annual allowance of $400 for "Sun Protection." Many work four days a week, 10 hours a day.
This being California, some are protesting proposed lifeguard layoffs.

When I was 16, I was a lifeguard for the summer. Who knew I shouldn't have bothered with student loans for law school?

(via Greg Mankiw)

1 comment:

OBloodyHell said...

> Who knew I shouldn't have bothered with student loans for law school?

Yeah, but the downside is you have to live in freakin' Cali.

If that's not enough to drive one to law school, what is?