The key part is this:
“The false promises of privatization are triggering a race to the bottom,” Donald Cohen, executive director of In the Public Interest, said in the conference call.Tell me again about how Scott Walker and Chris Abele are "fiscal conservatives."
Much of the “efficiency” realized by privatization lies in reducing former middle-class workers to poverty wages. Jared Bernstein of the Center on Budget and Policy Priorities, a Washington nonprofit, argued in the conference call that even from an efficiency point of view, privatizing low-end government jobs was self-defeating. “You get what you pay for,” Bernstein said. Lower wages for public services, he said, translate into “higher turnover and a decline in the quality of work.” It also means an uptick in welfare expenses. In California, contract school cafeteria workers collect $1,743 annually in public assistance because their private employers underpay them. In effect, the state is putting its own employees on the dole.
They are just greedy oligarchs and plutocrats that are the cause of the problem, not the solution.