7/15/14 Federal Wages

A
A
A

Americans haven’t done very well since the 2008 economic crisis.

There are record numbers of people unemployed; have completely given up looking for work; or are on some form of public assistance [here, here, here].

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.

[Here are more examples of politicians and government employees abusing the public trust (here, here, here, here, here, here, here & here) and who often receive receive little or no punishment.]

You can follow Behind the Headlines on Twitter at @BehindTheHead.
You can follow Mark on
Twitter at @MarkHyman.
Join us on our
Facebook page.