
A Few Short Thoughts – Part II
Last week, I mentioned that overmy next few blogs, I would provide someshort observations on the state of things here in Washington, D.C…and here is a group of several additional observations. Enjoy!
For decades, the assumption has been that government employees were paid less than their private sector counterparts. But the tradeoff was that the public sector jobs were more secure and often times, youcan’t be fired without gross malfeasance. That has since changed. Big time.The American Enterprise Institute, just completed a study whichshowed that the average government employee now makes significantly more than their private sector counterparts when pensions, generous vacations, and other benefits are taken into account. Equivalent workers in the private sector only make half that much! This is on the heels of another study which showed that government employees now earn about 25% more than private sector workers in straight salary without taking benefits into account. And of course, the … Read More