MBPC: Building an Economy that Works for Everyone: Implications of Privatization and the Pacheco Law

Building an Economy that Works for Everyone:

Implications of Privatization and the Pacheco Law

For too many families, economic conditions have not been improving in recent years. While wages grew in lock step with productivity growth in the thirty years after World War II, we have seen a troubling change since the 1970s: economic growth is no longer leading to wage growth for most workers. That's a problem for all of us because it is hard to sustain a strong economy, or a strong community, on low wage jobs. State governments can push back against this trend by setting wage standards, like a decent minimum wage, and also by being good employers and requiring the same of those they do business with.

In our newest fact sheet, Building an Economy that Works for Everyone: Implications of Privatization and the Pacheco Law, we examine the core elements of that law - the requirement that privatization efforts lead to savings based on improved efficiency and that they do not drive down the wages of working people - and describe the processes and steps the law requires.

To read the fact sheet, please click HERE.

 

 

 

 

The Massachusetts Budget and Policy Center (MassBudget) produces policy research, analysis, and data-driven recommendations focused on improving the lives of low- and middle-income children and adults, strengthening our state's economy, and enhancing the quality of life in Massachusetts. MASSACHUSETTS BUDGET AND POLICY CENTER 15 COURT SQUARE, SUITE 700 BOSTON, MA 02108