Thursday, August 26, 2010
Overpaid Government Workers
Signs mount that America is headed for a radical overhall. Here’s another, from the libertarian journal Reason--proof the kleptocracy thrives at our expense:
➢ The most recent Bureau of Labor Statistics report on employee compensation revealed that, as of March 2010, state and local government workers earn, on average, nearly 44% more than do private-sector workers, including 34% higher salaries and wages and over 66% greater benefits.
➢ At the federal level, a recent USA Today analysis, based on Bureau of Economic Analysis data, found that government employees’ average compensation has grown to more than double that of private-sector workers. Federal workers earned average pay and benefits of more than $123,000 in 2009, compared to a little over $61,000 in total compensation for private workers. Since 2000, federal worker compensation has increased 36.9% after adjusting for inflation while private-sector workers saw only an 8.8% increase.