In fact, adjusted for education and hours worked government workers appear to be underpaid. It is especially true in the professions, such as law, accounting and finance, where people are dramatically underpaid relative to the private market. In my profession - investments - government workers are often paid 10% to 20% of what people make in similar positions in the private sector. Are Government Employees Overpaid? Still No. Rortybomb
This study is bunk. It does not include defined benefit pension costs on the thin pretext that such pensions are not currently fully funded. Try again.
My objection to this study is that it omits the academic, think tank, industry, lobby and lecture circuit revolving door not to mention the liability costs associated with the private sector.
I see. It's not that the Government workers who are actually in the real world in real dollars making just shy of twice what the people who are not government workers make. It's that the people who are government workers are actually better people than those not in the government and therefore what they make needs to be more and when one sticks one's head far enough up one's arse one is able to see this. How clever. Thanks for explaining this.
In relation to the actual work done, government employees should be making roughly half of what the private sector makes. Furthermore the private sector pays for ability not entitlement. A highly sought out private defense attorney should be making way more than a local prosecutor. -SporK
Read again. I'll paste the entire part of the link since you couldn't be bothered to actually read it, yet proffered an opinion nonetheless.
The more educated one is, the more one makes. Someone with a Ph.D. in molecular biology generally makes more money in his job than a high school drop-out who works at 7/11. This should be self-evident. This is as true in the private sector than in the public sector. In fact, it is more so because those at the top of the wage scale get paid astronomically more than those at the bottom, which doesn't happen in the public sector.
Speaking as a former government employee I have to agree that they (we) were not overpaid. Once upon a time civil service was something that was honorable. Why and when did all that change?
Toro, I would imagine you saw the same thing in Canada that happens here: Robert Rubin leaving Treasury to make over $100 million with Citi at what even he called a nothing job, the professor who brags about how his undersecretaryship got him tenure and so on ad nauseum. It is the Government Service merit badge and its revenues that causes the problems.
Junk stats. They don't include public employee pensions which are drilling all levels of the government solvency in to the grouds.
