That Government-Private Pay Gap...

Some surprising data and links…

http://www.allgov.com//ViewNews/Government_Workers_Paid_Better_than_in_Private_Sector__Except_Those_with_Advanced_Degrees_120201

Government Workers Paid Better than in Private Sector…Except Those with Advanced Degrees
Wednesday, February 01, 2012

 

For anyone with limited education, the federal government is the place to go for a job.

 

According to a new report from the Congressional Budget Office (CBO), federal civil servants with only a high school diploma earned 21% more, on average, that their counterparts in the private sector.

 

But individuals with advanced degrees, such as a master’s or PhD, are better off financially in the private sector, because federal workers in this category made 23% less.

 

For workers with a bachelor’s degree, it was pretty much a wash, with both public and private employees making about the same, said the CBO. Fifty-one percent of federal workers have a bachelor’s degree compared to only 31% in the private sector.

 

Overall, federal employees made only 2% more than comparable workers in the private sector, but they gained 48% more in benefits, giving government workers a 16% total advantage. The average federal employee is four years older than the average private section employee—45 years old to 41 years old.

-Noel Brinkerhoff, David Wallechinsky

 

To Learn More:

CBO Weighs in with a Report on Wages (by Joe Davidson, Washington Post)

Public-Private Pay Gap Varies Greatly by Education Level (by Andrew Lapin, NextGov)

Comparing the Compensation of Federal and Private-Sector Employees (Congressional Budget Office)

Doctors Overwhelmingly Dominate Top Federal Salaries List (by Noel Brinkerhoff and David Wallechinsky, AllGov)

Highly-Paid Government Employees Increase 10X in 5 Years and Double in 2 Years (by Noel Brinkerhoff and David Wallechinsky, AllGov)

Government Jobs Require More Education, Pay Less (by Noel Brinkerhoff, AllGov)

 

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