A picture is worth a hundred thousand bucks...
Posted on 12/11/2009 9:52:12 PM PST by jessduntno
WASHINGTON, D.C. (YBH.ME) – The internet news machine is abuzz this morning over a USA TODAY article in which it is revealed that federal workers earn an average salary of $71,206 vs. $40,331 for private sector employees. While those numbers are striking, an even more disconnected figure is available.
According to the CATO Institute, when benefits are included, federal workers earn far more than those in the private sector and the disparity is growing.
The CATO study, released in September, puts the average federal civilian salary with benefits at $119,982 vs. $59,909 for the private sector. Federal government employees now earn fully double that of their private sector countrymen. In 2004, the average federal employee made two-thirds more than a person employed in the private sector according to CATO. The rate of disparity is growing rapidly. Total federal employee compensation grew 57% from 2004-2008 and just 30.8% in the private sector over the same period.
Neither CATO or USA TODAY explored the non-financial compensation aspects of either group, such as job security, guaranteed wage increases, and pension security. Taking all three into account, federal government jobs would become even more valuable as the government doesn’t often shrink while private sector jobs ebb and flow on a more consistent basis.
CATO figures used in their analysis are from The Bureau of Economic Analysis. The USA TODAY study analyzed data from the Office of Personnel Management’s database. The different data sources and methodology account for slight differences in each report’s base numbers.
(Excerpt) Read more at yesbuthowever.com ...
A picture is worth a hundred thousand bucks...
Kudos to them. They identified a major growth sector and planned accordingly.
I asked him where was his Chrissy Matthews "we all have to suffer in a time of crisis" stuff now?
I guess you are right...and they sure aren't breaking their backs and as a bonus they are paid with money taken from the wealth of millions of Americans who work for a living to give half of what they earn...and they get paid salaries from the extra taxes they dream up to feed on...it's the new American dream? Is that what you meant?
Not only do they get more money...
they only work 20 years and they get a pension and medical and dental and they get it for life?
We are paying 60 years of money for 20 years of work. I am starting to notice a dis-connect here?
Am I wrong??
We now have two classes: the government class and the private class. The latter works hard to support the former.
“Do not forget the back end!!”
Did you see the chart?
The Dems won’t forget the back end...Bawney Fwank has it covered.
Worked for Ded Kennedy (D-HELL)...but he had Dems supporting him...
The Fed Gov ought to get rid of the contract help who are paid at the lower end of the pay scale and hire the folks doing the work.
Making the lower paid jobs government employment instead of contract would help lower the government average.
“Making the lower paid jobs government employment instead of contract would help lower the government average.”
To some extent, but if you can retire at 58 with 80% pay and full benefits, and still have the right to “double dip” your average Salary and Benefit package is pretty damn high...
Are these for parallel jobs? I’ve never come across a private job listing for a “bureaucrat.”
“Are these for parallel jobs? I’ve never come across a private job listing for a “bureaucrat.”
I’m not sure I understand...but isn’t a lot of “middle management” the equivalent? Except, in the private sector, middle management is expected to do something once in a while?
thats ok ...private sector is dwindling away so big gov will have to pay itself....banana republic here we come.
“thats ok ...private sector is dwindling away so big gov will have to pay itself....banana republic here we come.”
The way a lot of these jobs get handed out reminds me of the Sopranos episodes when they had “jobs” at a construction site and sat in the lawn chairs and played cards...
When are they going to be fired?
In the year 2000, about 60 percent of the fed workforce is over 50 years old. Meaning they have over 25 years of service. A workforce with large amounts of workers working for the same organization will have a higher average salary and benefits.
Private industry tends to fire off their older workers who do not make it into management or keep abreast of their education against a new college hire. Thus private workforce has more younger workers and middle age worker. Average salary and benefits of this workforce will be much lower. Does the comparisons also include H-1B workers???
Limited government . . . enumerated powers?
We can only hope we are treated to the same namby pamby, anti-victory rules of engagement applied in Iran, Afghanistan, and Law Enforcement when this all hits the fan soon. I doubt patriots/citizens will feel so confined.
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Ambiens calor tyrannis.
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