Monday, December 14, 2009

It's A Recession, You Know, With High Unemployment

So, naturally, government jobs are in much better shape than private sector jobs:
Government workers are enjoying a boom time since the democrats took over Congress. The average pay of a federal worker jumped to $71,206, compared with $40,331 in the private sector.
The TimesNews reported, via Free Republic:

USA Today is reporting that the number of federal workers making salaries of $100,000 or more jumped from 14% to 19% of civil servants during the recession’s first 18 months — and that’s doesn’t include overtime pay and bonuses are counted.

Federal workers are enjoying an extraordinary boom time — in pay and hiring — during a recession that has cost 7.3 million jobs in the private sector.
The highest-paid federal employees are doing best of all on salary increases. Defense Department civilian employees earning $150,000 or more increased from 1,868 in December 2007 to 10,100 in June 2009, the most recent figure available.

The trend to six-figure salaries is occurring throughout the federal government, in agencies big and small, high-tech and low-tech. The primary cause: substantial pay raises and new salary rules. The growth in six-figure salaries has pushed the average federal worker’s pay to $71,206, compared with $40,331 in the private sector.

For the record… Congressional raises topped insurance company profits last year.

What about this is good for the economy? Not a heckuva lot.

There's my two cents.

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