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Thread: Fed Employees Earn $52,688.00 More than the Average American in Private Sector

  1. #1

    Default Fed Employees Earn $52,688.00 More than the Average American in Private Sector



    http://freebeacon.com/issues/study-g...rivate-sector/


    Study: Government Workers Make
    78 Percent More

    Than Private Sector


    Average pay and benefits $52,688 higher than non-gov’t employees



    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.


    “Federal pay should be reasonable, and we need competent people in federal jobs, assuming that the jobs are useful ones,” the study concluded. “But the government should not be one of the highest-paid industries in the nation.”


    “Indeed, an advantage of reducing federal pay would be to encourage greater turnover in the static federal workforce,” the study said. “That would help more young people enter government and bring in fresh ideas.”
    Last edited by presence; 10-08-2015 at 03:33 PM.

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  3. #2

    Default

    "We need more high paying jobs".
    "The future is here, it's just not evenly distributed yet." - William Gibson

    I am Zippy and I approve of this post. But you don't have to. This post may include statements I don't personally agree with.

  4. #3

    Default

    They may get paid that, but I sincerely doubt that most of them come anywhere close to earning it.

  5. #4

    Default Study: Government Workers Make 78 Percent More Than Private Sector

    http://freebeacon.com/issues/study-g...rivate-sector/

    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.

    “Federal pay should be reasonable, and we need competent people in federal jobs, assuming that the jobs are useful ones,” the study concluded. “But the government should not be one of the highest-paid industries in the nation.”

    “Indeed, an advantage of reducing federal pay would be to encourage greater turnover in the static federal workforce,” the study said. “That would help more young people enter government and bring in fresh ideas.”

  6. #5

    Default

    “Indeed, an advantage of reducing federal pay would be to encourage greater turnover in the static federal workforce,” the study said. “That would help more young people enter government and bring in fresh ideas.”
    Reduce it to $0.00!

    Fire the lot of 'em and revoke the pensions being paid.

    Poll the Americans not employed by government or dependant on it and you'll find a majority opinion.......

  7. #6

    Default Federal Government Pay Exceeds Most Industries

    Click image for larger version. 

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    Federal Government Pay Exceeds Most Industries
    By Chris Edwards - October 5, 2015

    New data show that worker compensation is rising faster in the federal government than in the private sector. After rapid growth in federal pay during the George W. Bush years, growth slowed from 2011 to 2013 after policymakers enacted a partial freeze on federal wages.

    That era of restraint is now over. The latest data from the Bureau of Economic Analysis (BEA) show that wages rose 2.9 percent in the federal government in 2014, on average, compared to 1.7 percent in the private sector. When benefits such as pensions and health care are included, federal compensation increased 2.8 percent, on average, compared to 1.3 percent in the private sector.

    Federal civilian workers had an average wage of $84,153 in 2014, compared to an average in the private sector of $56,350. The federal advantage in overall compensation (wages plus benefits) is even greater. Federal compensation averaged $119,934 in 2014, which was 78 percent higher than the private-sector average of $67,246. This essay discusses trends in federal and private pay.

    The BEA provides compensation data by industry. The figure shows average compensation in 17 major private industry groups, as well as compensation for federal civilian workers, the military, state and local governments, and federal government enterprises (mainly the postal service).

    The federal government has the fourth highest paid workers in the United States, after utilities, mining, and the management of companies. Federal compensation is higher, on average, than compensation in the information, finance and insurance, and professional and scientific industries. Federal compensation is more than twice as high as compensation in the education industry, and it is more than three times higher than compensation in the retail trade industry.
    ...
    http://www.cato.org/blog/federal-gov...ost-industries
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  8. #7

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    Best argument from my city council when giving themselves a rise: "We need to be able to attract good people" Me: "Unlike the ones you have now ?" j/k

  9. #8

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    If you think you're being underpaid in the private sector, it's a free country, just join the club and get a government job like everyone else.

    This is how free market capitalism works.
    Last edited by TheTexan; 10-19-2015 at 03:03 PM.
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  10. #9

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    Quote Originally Posted by bxm042 View Post
    If you think you're being underpaid in the private sector, it's a free country, just join the club and get a government job like everyone else.

    This is how free market capitalism works.
    I am feeling bernie

  11. #10

    Default

    It is a small price to pay for the "Safety and Security" they provide!

  12. #11

    Default

    They are so underpaid for all the things they've allowed other to make. They allowed the iphone, they allowed the internet, they allowed all the roads we drive on. Without them who would allow others to build stuff. Think about it.

  13. #12

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    Quote Originally Posted by bxm042 View Post
    If you think you're being underpaid in the private sector, it's a free country, just join the club and get a government job like everyone else.

    This is how free market capitalism works.
    Not sure if serious

  14. #13

    Default

    Quote Originally Posted by RonPaulIsGreat View Post
    Not sure if serious
    bxm is a genius.

  15. #14

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    "earn"

    Did this include the federal pension plans?
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  16. #15

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    Quote Originally Posted by RJB View Post
    bxm is a genius.
    Seconded.

    He channels the voice of the American people with every post.
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    We Must Dissent.

  17. #16

    Default

    bump
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  18. #17

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    Quote Originally Posted by Ronin Truth View Post
    They may get paid that, but I sincerely doubt that most of them come anywhere close to earning it.
    How much do souls go for nowadays?
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