11/26/2013
I'm not so sure that a comparison can be made between Public Sector employees and Private Sector employees regarding their respective "Efficiency" and "Productivity". Such that, the type of "work" and "work product" are vastly different and occur in vastly different "work environments". Any type of "organic" organization will stabilize into some form of operation, process or method. Depending on the environment in which it is called upon to operate in and the work product called upon to produce. Hence, the fundamental differences between the Public Sector and Private Sector.
As for their relative impacts at the Macro-Economic level, once again, I have doubts that any kind relationship or similarity can be established across the board. Due to the various and peculiar phenomenon that exist in the various multiple environments in which the Public and Private Sectors are called upon to operate in.
So the conclusion becomes, every Nation is essentially on its own and needs to come to grips with its own individual problems. In a peculiarly individual and selective fashion that can only fit itself. This just goes to prove there are no set "universal" solutions and trying to base them on a set "ideology" is one of the worst approaches...
Much of the concern with government deficits in countries as unlike as the United States and Greece focuses on public employees, viewed as overpaid parasites who, being paid by the government, contribute directly to the public debt. And there are indeed good economic reasons to expect the public sec...