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Editorial
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Title: Why Do Federal Workers Make Twice As Much As Private-Sector Workers?
Source: [None]
URL Source: [None]
Published: Oct 10, 2009
Author: Henry Blodget
Post Date: 2009-10-10 10:18:58 by tom007
Keywords: None
Views: 292
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 (1 image)

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#1. To: tom007 (#0)

The average federal worker makes $75,419 a year, while the average in the private sector is $39,751.

What bullshit..

Why does the local doctor make $250,000 and the plumber makes $60,000????

Stupid author, stupid question.

Cynicom  posted on  2009-10-10   10:23:41 ET  Reply   Untrace   Trace   Private Reply  

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.

Phant2000  posted on  2009-10-10   10:35:36 ET  Reply   Untrace   Trace   Private Reply  

Mr. Blodget, with his interests in Silicon valley and Wall Street, is obviously far removed from reality.

Mr. Blodget also thought pets.com was an excellent "buy and hold" investment and thought the dot-com boom would go on forever.

mirage  posted on  2009-10-10   12:58:56 ET  Reply   Untrace   Trace   Private Reply  

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