7/15/14 Federal Wages
Americans haven’t done very well since the 2008 economic crisis.
For those who’ve never been unemployed the news isn’t anything to write home about. Wages have been stagnant. While inflation eats away at what families bring home.
The typical American family loses purchasing power every year. They’re actually getting poorer.
But not everyone has shared the suffering.
Federal employees have gotten wage increases while millions of American have lost jobs or taken salary cuts.
This year the federal civilian workforce of 2.1 million – not including the US postal service – will cost taxpayers about $250 billion.
According to the government’s own data, the average federal employee takes home a salary of $82,000 [$81,704] versus $55,000 [$54,995] for a private sector employee. In total compensation, — adding in healthcare and pensions — the figure is $115,000 [$114,976] versus $66,000 [$65,917]. Federal employees earn about 75% more.
According to the US Bureau of Economic Analysis, federal employees had the seventh highest average compensation of the 72 industries tracked.
And a job in the federal government is a job for life. As we’ve documented here numerous times [here, here, here], bad behavior that would get a private sector employee fired. Or even land him in jail such as embezzlement. Often merits only a reprimand.