Used to be, government jobs paid LESS than comparable civilian ones, balanced by lavish benefits. But now, it seems, gummint workers make A LOT MORE than comparable civilian workers, and STILL get the lavish benefits (including lush health care plans).
Is the average Federal employee worth $30,000 a year more than the typical worker in the real world?
(Chart from Clusterstock, taken from John Mauldin’s current weekly letter)
I certainly enjoyed my time at the Federal Trade Commission a couple of summers ago. It involved good work, talented people, a great location, with comfortable pay and benefits.
Here is the salary schedule for federal jobs in the DC area. Like I said, not a bad gig if you can get it.
More thoughts on this here.