state workers

As wages and benefits shrink, state workers are retiring in droves. On top of all the layoffs, these retirements amount to a huge brain drain, and the problem will only get worse given the yawning budget gaps of states from coast to coast.

When we reported on the likely prospect (which has since become reality) of California handing out IOUs while lawmakers tussled over how to close the state's budget gap, we didn't think "work now, get paid later" was going to become a common way for states to handle short-term cash crunches.Looks...