Indeependent
Diamond Member
- Nov 19, 2013
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Prior to Reagan, the Private Sector had GREAT compensation and benefits whilst the banksters grew rich; and that was fine.MORE RIGHT WING NONSENSE. Shocking the Gov't has lots of store clerks and burger flippers??
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Are Federal Workers Overpaid?
But such details (easily extracted from the regular Current Population Survey) explain why federal workers are paid more and why their average compensation has risen higher. They also show that federal employment creates proportionately far more middle-class jobs than the private sector.
In 2008, only 14 percent of federal workers were on part-time schedules, compared to 26 percent in the private sector. Federal workers were far older on average: 55 percent were between the ages of 45 and 64, compared to 36 percent of private-sector workers. Furthermore, 45 percent of federal workers held a college degree or higher educational credential, compared to 29 percent of private-sector workers.
...The biggest difference between private and federal employment, illustrated in the graph above, lies in the proportion of jobs paying less than $25,000 a year. In 2008 more than 43 percent of private-sector workers earned less than $25,000 a year. Most federal employees fell squarely in the middle earnings brackets, making $25,000 to $75,000 a year.
http://economix.blogs.nytimes.com/2009/10/13/are-federal-workers-overpaid/?_r=0
Federal workers out-earn private sector ones ... at the low end. At the high end, they earn less.
I know better than to get into this.....you might be a lawyer? BUT, you must look at total compensation. I believe your chart is showing base pay only.
Reaganomics veered us into the course where only the rich got MUCH richer.
Remember when there were 8 Accounting Firms?
Lots of Banks and Investment firms before this whole Global mess kicked in?
No one was working 80+ hours a week under constant threat of the axe and CEOs and Directors were still making big money.