Federal civilian workers with no more than a high school education earned 34 percent more, on average, than similar workers in the private sector.
https://mises.org/wire/furloughed-federal-employees-are-still-paid-more-you
Whether its CNBC, or The New York Times, or NPR, the mainstream media is clearly committed to using the current partial government shutdown to portray federal workers as beleaguered victims of the American political system.
But, in all cases I’ve encountered, these reports neglect to mention that on average, civilian federal workers make 17 percent more than similar workers in the private sector, according to a 2017-2018 report by the Congressional Budget Office. That’s total compensation, so we’re including both wages and benefits.
Considering that a year is 52 weeks long, an average federal worker would need to be completely without any income for nearly 9 weeks in order to just be reduced to equal standing with a similar private-sector worker. (17 percent of 52 weeks is 8.84 weeks.)
Source: Congressional Budget Office.
As of this writing, the current shutdown has only lasted three weeks, which means all those furloughed workers profiled in national news stories are likely still coming out ahead of their private-sector colleagues. Read the rest of this entry »
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