The issue crossed my mind as I was struggling with the fact that government employees in San Francisco and on a federal basis are paid astronomic wages and benefits.
I was trying to add the value of lifetime employment to the estimated package of benefits. While thinking about it, it crossed my mind that lifetime employment is necessary for bureaucrats.
Bureaucrats, after only a few years on the job, are unemployable outside of a bureaucracy.
We have millions, 3 million federal, 6 million other government bureaucrats who could never get a job if they left or were forced out of the government bureaucracy.
Simply ask yourself the question: 'Would you hire a bureaucrat for a job that requires hard work and genuine effort?' My answer is ‘no’.
Therefore, bureaucrats need lifetime employment. I cannot value lifetime employment because it has no real market value... it is a protection against the market.