I am sure it is no surprise that federal employees earn more than their private sector counter-parts! Would it surprise you to know that public employees cost MUCH MORE than private employees. According to the CATO Institute, the 2008 average compensation (wages AND benefits) for a federal employee was $119,982 versus $59,909 for a private sector employee! The federal employee cost is DOUBLE the cost of a private sector job! Let me repeat that: It cost TWICE as much for a federal employee than a private sector employee! And who is paying the federal salaries? You guessed it! You and I (taxpayers) are paying the bill for all those people! Ain’t it great!
And, this is not new! As far back as 1950, a federal employee cost 19% more than a private sector person. Now the difference has grown to 100%! Not only is the wage level higher, the benefit differential between public and private is substantial. As a federal employee you get: more vacation and holiday pay; greater job security; earlier retirement; exemption from state income taxes; and many more! In addition, public employees are LESS productive that private employees! Life just got better, right?!?!
Let’s delve into these numbers a little more. Each federal employee cost the taxpayers over $39,500 in annual benefits…more than four (4) times their private sector complement. And let’s remember that the federal government added more than 81,000 jobs in the Obama administration’s first year. Furthermore, the 700,000 jobs “saved” by the “stimulus” package were almost exclusively civil service jobs!
Here are a couple of other interesting facts. In 2010, less that 7% of private sector working Americans belong to labor unions; whereas more than 52% of total union membership is government employees. Something to think about as you ponder the relationship between the Democrats and the nation’s unions. How much money did unions contribute to Democratic candidates in 2008 and 2010? Ask Andy Stern former president of the SEIU (Service Employees International Union).
The federal government has become a sanctuary for highly paid, underperforming employees. And, there is no end in sight. Congress does not have the courage to force significant cuts in the federal budget….because it would mean cutting some federal jobs. Congress has not gotten the message of November 2. Currently, Congress is considering a 1,924 page costing $1.27 TRILLION to allow the government to continue to operate through this fiscal year. And, the bill is LOADED with EARMARKS! HELLO!!!!
Bottom line: If you are a recent college graduate or anyone else in the job market, try to land a government job! The wages and benefits are great! I want to work for Uncle Sam! Oh, that’s right…I do work for the government! I pay taxes!
Warning: Before you read this post, the US National Debt Clock will probably pass $14,000,000,000,000 in debt! Unless federal spending and the size of government (at all levels) is reduced, the country can never regain control of its’ destiny!
Visit: www.usdebtclock.org and watch your money disappear!