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Title: Why Do Federal Workers Make Twice As Much As Private-Sector Workers?
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Published: Oct 10, 2009
Author: Henry Blodget
Post Date: 2009-10-10 10:18:58 by tom007
Keywords: None
Views: 272
Comments: 17
Why Do Federal Workers Make Twice As Much As Private-Sector Workers? Henry Blodget|Oct. 10, 2009, 8:13 AM | 456 |comment8 Print Tags: Economy, Debt, Federal Reserve, U.S. Government fatcatAn interesting detail from John Mauldin's latest economic note: The average federal worker makes $75,419 a year, while the average in the private sector is $39,751. Why is that, exactly? Is it because Federal workers are 80% better than private-sector workers? And remind us again why, in the interest of cutting the deficit, the government shouldn't just slash 20% of its budget across the board? See Also: Our Debt Will Kill Us Embed Post
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#1. To: tom007 (#0)
What bullshit.. Why does the local doctor make $250,000 and the plumber makes $60,000???? Stupid author, stupid question.
Mr. Blodget, with his interests in Silicon valley and Wall Street, is obviously far removed from reality. I personally have observed that those working in federal government do NOT receive recompense any where near the private sector. Years of being underpaid are only rewarded if they stay employed until retirement to receive benefits that private enterprise can't afford and doesn't offer.
#5. To: Phant2000 (#3)
It might surprise some people that the majority of the "workers" in government despise the government as much as everyone else. It is a job nothing more.
Mr. Blodget also thought pets.com was an excellent "buy and hold" investment and thought the dot-com boom would go on forever.
Top • Page Up • Full Thread • Page Down • Bottom/LatestThe average federal worker makes $75,419 a year, while the average in the private sector is $39,751.
#3. To: Cynicom (#1)
Stupid author, stupid question.
Replies to Comment # 3. Mr. Blodget, with his interests in Silicon valley and Wall Street, is obviously far removed from reality.
#9. To: Phant2000 (#3)
Mr. Blodget, with his interests in Silicon valley and Wall Street, is obviously far removed from reality.
End Trace Mode for Comment # 3.