September 7, 2009
READER PETER VANDERWICKEN WRITES:
Here’s one data point that will be fuel for revolution when taxpayers discover it:
It is the average compensation of Federal civilian employees vs. average compensation in the private sector.
Used to be, government jobs paid LESS than comparable civilian ones, balanced by lavish benefits. But now, it seems, gummint workers make A LOT MORE than comparable civilian workers, and STILL get the lavish benefits (including lush health care plans).
Is the average Federal employee worth $30,000 a year more than the typical worker in the real world?
(Chart from Clusterstock, taken from John Mauldin’s current weekly letter)
UPDATE: Reader Fred Siesel writes: “What’s the unemployment rate inside the Beltway?”