Are Gov. Employees Making More Or Less Than Private Sector?
Wed Mar 10, 2010, 12:15 am | 2 Comments
Are government employees – federal, state, and local – earning more money or less than their counterpart in the private sector? I always thought folks in private sector were making more money. That’s the impression I get from the media. Articles after articles have been written about their pay. Brian S. Wesbury and Robert Stein on forbes.com write about government workers’ pay and state that they are making more and their pay should be cut to bring it at par with the private sector. The article shows it was published March 2, 2010.
I know many folks, especially in the media, are sore about government and how it has worked over the years in terms of its finances – budget deficit and waste, but federal employees have been known to make less money. Their retirement package maybe better but that’s retirement not living now.
Some comments on the article:
- Federal workers’ salary is too low to get competitive workers. They should be paid competitively to attract more competent folks.
- The federal employees are, by and large, middle class workers. How about making the wealthy actually pay their fair share of taxes in comparison to what the rest of us pay by closing all the loopholes.
- Another way to improve the Nation’s financial health is to get rid of those tax cuts that benefit the high rollers on Wall Street.
Once in a while, I hear that someone resigned government job because the pay was low and they could make more money in the private sector. I, for one, never heard of anyone resigning from the private sector and accepting a government job for the simple reason of making more money. I don’t know if that has ever happened.
In a Nutshell
I always said about the folks working in think-tanks, they are sitting so deep in the tank that they have no idea about how the rest of the world lives. Some have not even seen the light of day. They are in such darkness. I did a post recently on Federal budget – criticize, agree, or don’t care – a naive look. If you look at it, not counting Payroll Taxes (30%), Individuals’ share of Income Taxes was 38% whereas Corporate was 10% in 2008. That should give the think-tank something to write about.
What do you think?
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