Originally posted by mel My husband is a GS15, having been with the Federal Government for over 20 years, and believe me, he is NOT making $250K per year. Just sayin. If he had a similar job in the private sector, with the level of responsibility that he has, he would probably be making twice to three times what he makes with the Feds.
Apples-for-apples, federal workers earn more than 10% higher salaries in their cash compensation than private workers in the same position. If you look at total compensation, the federal government is spending 55% more to compensate their employees than those workers could earn in the private sector.
Quote: Overall, federal workers earned an average salary of $67,691 in 2008 for occupations that exist both in government and the private sector, according to Bureau of Labor Statistics data. The average pay for the same mix of jobs in the private sector was $60,046 in 2008, the most recent data available.
These salary figures do not include the value of health, pension and other benefits, which averaged $40,785 per federal employee in 2008 vs. $9,882 per private worker, according to the Bureau of Economic Analysis.
Federal pay ahead of private industry - USATODAY.com
I don't mind laying the blame for this run away compensation on W after all:
Quote: Federal workers have been awarded bigger average pay and benefit increases than private employees for nine years in a row. The compensation gap between federal and private workers has doubled in the past decade.
Federal workers earning double their private counterparts - USATODAY.com
The government employment high speed gravy train needs to be derailed, it is quite obvious that the rest of the country cannot afford to pamper the chosen few while they suffer in the private sector.
---------- Post added 09-29-10 at 02:12 PM ----------
Originally posted by Phil1 General Schedule - Wikipedia, the free encyclopedia
What's laughable is that the cost of living adjustment for Houston and NYC are virtually identical.
And based on the GS table and the USA Today data, it seems like the center of gravity is somewhere along the GS-11.
BTW, why is USA Today the ones reporting this? What happened to the NYT, WP, or LAT doing their job? In a generation we will be relying on People Magazine to deliver hard hitting reporting, in fact the Rolling Stone article from this summer might be the first step in this direction. Journalism is another industry where they have diverged from reality.