Sowing Disaster
Private employees toil 13½ months to earn what federal workers do in 12
That's an eleven percent compounding deficit, all factors being equal. Now extrapolate it over 30 years...
Yeah.
Math. Not if, but when.
That's an eleven percent compounding deficit, all factors being equal. Now extrapolate it over 30 years...
Yeah.
Math. Not if, but when.
posted by Jar(egg)head at 16:13
2 Comments:
White House budget chief Peter Orszag responded that these pay differences merely reflect the superior skills of federal workers, not government largess. Adjusting for education and experience, he said, federal workers make about the same salaries as private workers. Mr. Orszag also correctly pointed out that public and private job categories aren't directly comparable, so we shouldn't necessarily expect them to have the same pay.
Superior skills? Only if you count avoiding honest work. How about a comparison based on actual productivity? By that measure, gov't salaries are approximately 9,124,937% higher than they should be.
Couple that with the fact that only 53% of people earning a wage pay income taxes and you have a nice little molotov cocktail of fiscal disaster. Stir and serve.
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