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  • InLibrisLibertas
    Location : Mill Valley, California, United States

    I'm an independent investor. I make my living from the returns on my investments. I work at home, in the northern part of the San Francisco Bay area. I spent most of my career as an executive in high-tech, although I also spent time in banking. Down to one kid in university now!

‘Crats At The Trough

March 30th, 2007 by reality

The received wisdom is that self-sacrificing bureaucrats who labor in the halls of government receive low salaries, which sacrifice is partially offset by their security of employment and comprehensive benefits, to say nothing of their sense of altruism and public service.

Well the facts are a little different. According to the federal Bureau of Economic Analysis (BEA), the compensation of the average federal civilian employee in 2005 was $106,579. Which, it turns out, is almost exactly twice the average compensation in the private sector ($53,289). And the gap is widening. Since 1990, average compensation for the unfortunate bureaucrats has risen by 129%, compared to 74% in the private sector.

Posted in Government, Rogues and Rascals |

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