Saturday, August 29, 2009

Working For The Federal Government Pays Off Big

A report in Investors Business Daily shows an incredible increase in compensation for federal workers that far out-pace wages and benefits in the private sector.

Chris Edwards, director of tax policy studies at the Cato Institute, touched quite a nerve earlier this week when he relayed the latest wage data, categorized by industry, from the Commerce Department's Bureau of Economic Analysis. "The new data show that average federal compensation is now more than double the average in the private sector," Edwards noted.

He added: "In 2008, the average wage for 1.9 million federal civilian workers was $79,197, which compared to an average $49,935 for the nation's 108 million private sector workers. The federal advantage is even more pronounced when worker benefits are included. In 2008, federal worker compensation averaged a remarkable $119,982, which was more than double the private sector average of $59,909."

More than double the compensation? When you look at the high-cost and woeful inefficiency of the federal government, these numbers are criminal. You can read more of Chris Edwards analysis for the Cato Institute here and his response to sensitive Statists whose panties bunched up over his article here.

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