The thing is cost prohibitive: Wide turning radius, maintaining a vacuum in a tube, built to withstand earthquakes, and the often overlooked but required inertial dampeners.
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I know of this issue first hand being a IT contractor and working for the state. Where Im at they have approximately 125 IT contractors. So far they have laid off 15 IT contractors, are trying to convert 15 or so more to government service. Next in Oct all IT companies will have to bid through a Managed Service Provider. Basically an appointed IT contractor that all the agencies will go through to source contractors. I don't believe they plan on eliminating all contractors since I don't think they can do to the fact the most people would rather be a contractor than work for the state. Also a lot of the IT contractors are from overseas and cannot become state employees without a green card. Most of us are just taking a wait and see approach to what our future actually is with the state come Oct. Who knows how many contract slots will be available at that time.
For some people taking the state job is actually good deal. Some prefer the stability that the state has offered in the past. What I can add is the converted contractors will receive a tier 5 pensions not tier 4. The state legislature enacted the tier 5 pension in Jan 2010 in coincidence with the plan to convert the 500 contractors. Here are some of the reduced benefits that they will receive.
Require most public employees to work 10 full years before vesting in the system, rather than the current five, and limit the amount of overtime that can be used in the calculation of a final average salary to 15 percent of regular annual wages.
Raises the minimum full-benefit retirement age for members of the State and Local Retirement System to 62 years from the current 55.
Certain exemptions were granted to firefighters, teachers, and police officers.
They figure they will save $48 billion over 30 years.
Here is the full article. http://www.nypost.com/p/news/local/statehouse_oks_deal_to_fix_hyper_p72NcP2a2IegZcBJFKuf0J
Is this how we eventually get back to a singularity or will it be after all due to shrinkage...