Federal workers earn more than private sector peers

Posted by RJ & Makay on February 1, 2012

benefits, congressional-budget-office, education-level, federal-workers, government-employees, job-security, private-sector-employees


Federal workers earn more than private sector peers

Federal workers on average earn about 2% more than private sector workers in a similar position, according to a new Congressional Budget Office (CBO) study.  The CBO study found that federal employees earned 16% more in total compensation (pay and benefits) as compared to workers in private companies.  The study was in stark contrast to progressive policy shops that claim government workers make less money than their counterparts in the private sector.

“While millions of Americans continue to struggle with stagnant wages and high unemployment, government bureaucrats in Washington continue to enjoy significant advantages over those whose tax dollars finance their compensation,” said a statement by the office of Rep. Paul Ryan (R-WI), chairman of the House Budget Committee.

House GOP leaders will vote this week on whether to extend the current federal worker pay freeze for another year, and they have been pressuring government employees to make greater contributions to their pensions.

Government data shows that the full-time federal workforce has increased by 140,000 employees during president Obama’s term in office, to about 2.2 million workers.  This figure does not include military or postal workers.

Salary-alone (not including benefits) comparisons between federal government workers and employees in the private sector depend on the level of attained education.

The CBO study found that federal employees with no more than a high school degree earned 21% more per hour; federal employees with some college education earned 15% more; those with a bachelor’s degree receive roughly the same compensation; those with a master’s degree earned 5% less; and federal employees with professional degrees or doctorate’s earned about 23% less than their private sector counterparts.

When factoring in benefits, federal workers earned more in all educational categories except for those with professional and doctorate degrees, who earned 18% less than their private sector peers.

A July 2011 USA Today analysis found that federal workers had a 99.43% job security rate.  It also found that the federal government fired only 0.55% of its workers in the budget year ending September 2012, whereas the private sector firing rate was about six times higher, at around 3%.

Federal employee compensation costs taxpayers about $200 billion a year, the CBO report said.  $80 billion goes to national defense workers, and the remaining $120 billion goes to personnel in other federal agencies.

RJ & Makay

 

Source:

 

Government workers earn more than their private-sector counterparts (http://www.foxbusiness.com/politics/2012/01/31/government-workers-earns-more-than-private-sector/).  Fox Business, January 31, 2012

Federal workers make more for the same job (http://www.msnbc.msn.com/id/46194863/ns/business-us_business/#.TyhA7yMqjWJ).  MSNBC, January 30, 2012



Leave a comment:

Please copy and paste the following letters and numbers into the box: 3bdbbc0044e30ed22bbb9b5150cfe79aa1127d71f23615019d585142ca2c343a