Unemployed taxpayers now subsidizing university professors not to work
The state worker unemployment rate has hit .21 percent and now Nevada is subsidizing university professors not to work.
Why can't we all work in government again? Oh yeah, we need taxpayers, currently facing a 12.1 percent unemployment rate, to pay for this.
Zane and the rest of the 48 professors took a voluntary buyout, which forced them to give up their jobs by June 30, the end of the fiscal year. It offered tenured professors 1.5 times their annual salary to, basically, go away.The saddest part of this arrangement is that many of the professors were about to retire, or run for Congress, soon anyway.
The point was to save money in the long run, and it will work. The university will pay out $7.4 million to the departing faculty members but will save almost $5 million a year in salaries, though some of those faculty members will have to be replaced. The $5 million also does not include benefits.
The next time a liberal, bureaucrat or union boss starts talking about "devastating cuts," remember this story and don't believe them.
Don't be fooled again.