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Detbuch -
"Wages are down on average in the private sector. Investment is down in the private sector. How does the public sector rate increases?"
Here's how - because when public unionized employees get raises, that ensures that more union dues get funnelled to Democratic political candidates who are pro-union.
In a rational world, Spence would freely concede that when the collective citizenry has less wealth to spend, then those who serve the citizenry (their employees) need to accept comparable wage decreases. That's clearly unfortunate, but that doesn't mean it's not necessary.
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