Aug 10, 2010
Federal employees earn 30 to 40 percent more money than their private sector counterparts on average, a study from the conservative Heritage Foundation finds. These pay discrepancies persist despite the recession, unlike the situation in the private sector, where unemployment is 9.5 percent and wages have steadily declined.
The report comes on the heels of a new unemployment numbers showing another month of anemic job growth in the midst of President Obama’s “Recovery Summer” tour, where he is highlighting what he calls signs of economic recovery.
Those still employed are better off working for the federal government, the Heritage report found, where they could earn salaries 22 percent higher than their privately employed peers and benefits that are far more generous than those in the private sector.
The report found that in the private sector, wages are closely tied to productivity.
This article was posted: Tuesday, August 10, 2010 at 9:44 am