Overpaid and under-worked bureaucrats are one of the main reasons why this Country's national debt is nearly 20 Trillion dollars. We've got the parasites on the bottom (welfare class) and the parasites on the top (Fortune 500/Government bureaucrats) who feast off the quickly vanishing middle. Apologists and government workers think their pay is some kind of social justice movement. They work soo hard. And it's a thankless job. Wah wah. Be a man. Make an honest living. Get a private sector job. They wont. They're spoiled children who make their living sucking off the taxpayer. Time to take the axe to their budget.
BY: Elizabeth Harrington
October 8, 2015 2:45 pm
Employees for the federal government earn far more than their counterparts in the private sector, according to a new study by the Cato Institute.
Federal workers’ pay and benefits were 78 percent higher than private employees, who earned an average of $52,688 less than public sector workers last year.
The study found that federal government workers earned an average of $84,153 in 2014, compared to the private sector’s average of $56,350. Cato based its findings on figures from the U.S. Bureau of Economic Analysis (BEA).
But when adding in benefits pay for federal workers, the difference becomes more dramatic. Federal employees made $119,934 in total compensation last year, while private sector workers earned $67,246, a difference of over $52,000, or 78 percent.
“Since the 1990s, federal workers have enjoyed faster compensation growth than private-sector workers,” according to the study, written by Chris Edwards, the director of tax policy studies at Cato. “In 2014 federal workers earned 78 percent more, on average, than private-sector workers. Federal workers earned 43 percent more, on average, than state and local government workers.
“The federal government has become an elite island of secure and high-paid employment, separated from the ocean of average Americans competing in the economy,” the Edwards wrote.
The report noted that 2.1 million people work for the federal government, costing over $260 billion in wages and benefits this year.
Cato, a libertarian think tank, praised the partial pay freeze implemented between 2011 and 2013 and suggested that the government should reduce the size of its workforce and trim its generous benefits.
Cato said average federal wages “grew rapidly for a decade” before the pay freeze, but began increasing again in 2014.
http://freebeacon.com/issues/study-government-workers-make-78-percent-more-than-private-sector/
BY: Elizabeth Harrington
October 8, 2015 2:45 pm
Employees for the federal government earn far more than their counterparts in the private sector, according to a new study by the Cato Institute.
Federal workers’ pay and benefits were 78 percent higher than private employees, who earned an average of $52,688 less than public sector workers last year.
The study found that federal government workers earned an average of $84,153 in 2014, compared to the private sector’s average of $56,350. Cato based its findings on figures from the U.S. Bureau of Economic Analysis (BEA).
But when adding in benefits pay for federal workers, the difference becomes more dramatic. Federal employees made $119,934 in total compensation last year, while private sector workers earned $67,246, a difference of over $52,000, or 78 percent.
“Since the 1990s, federal workers have enjoyed faster compensation growth than private-sector workers,” according to the study, written by Chris Edwards, the director of tax policy studies at Cato. “In 2014 federal workers earned 78 percent more, on average, than private-sector workers. Federal workers earned 43 percent more, on average, than state and local government workers.
“The federal government has become an elite island of secure and high-paid employment, separated from the ocean of average Americans competing in the economy,” the Edwards wrote.
The report noted that 2.1 million people work for the federal government, costing over $260 billion in wages and benefits this year.
Cato, a libertarian think tank, praised the partial pay freeze implemented between 2011 and 2013 and suggested that the government should reduce the size of its workforce and trim its generous benefits.
Cato said average federal wages “grew rapidly for a decade” before the pay freeze, but began increasing again in 2014.
http://freebeacon.com/issues/study-government-workers-make-78-percent-more-than-private-sector/
