They Make 78% More!
Working for the government is good; working for the Federal Government is mind blowing great.
The people you pay with your tax dollars, federal employees, make tremendously more than you and I.
According to a new study by Cato Institute using numbers from the U.S. Bureau of Economic Analysis (BEA), earn 78% more than private employees when you consider salary and benefits.
SEVENTY EIGHT PERCENT MORE!
Does this sound right to you?
I found this out reading an article in The Washington Free Beacon, the Cato study found that federal government workers earned an average of $84,153 in 2014, compared to the private sector’s average of $56,350.
That is not the end of it when you add in their benefits the difference becomes huge. 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.
As quoted in the article by Chris Edwards, the director of tax policy studies at Cato:
“Since the 1990s, federal workers have enjoyed faster compensation growth than private-sector workers, 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.”
He then went on to say:
“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.”
Could there be a reasonable reason for this?
We pay these people with our tax dollars. Since they are paid by tax dollars they essentially do not contribute new tax dollars to run the government. They just give some of the tax dollars we earned in the private sector and give it back to the government.
I understand this is the way it must be but should they being earning that much more than us who work in the real world?
The Live with Renk show airs Monday through Friday 9 a.m. to noon, to let me know your thoughts at (269) 441-9595.
Or please feel free to start a discussion and write your thoughts in the comment section.