Saturday, December 15, 2012

FEDERAL BUREAUCRATS ARE UNDERPAID AND OVERWORKED

New evidence confirms federal bureaucrats don’t work very hard, paid too much
Townhall Finance – Daniel J. Mitchell – 12/14/2012
My Cato Institute colleague, Chris Edwards, put together a remarkable (and depressing) chart showing that federal bureaucrats get almost twice the level of compensation as workers in the productive sector of the economy.
Defenders of the bureaucracy (including a federal pay panel dominated by bureaucrats) claim that government employees actually are underpaid because…well…just because.
My modest contribution to the debate was to put together a chart based on the Labor Department’s JOLTS data, which shows that bureaucrats are far less likely to voluntarily leave their jobs than folks in the private sector, which is very strong evidence that they are being over-compensated.
Put another way, private employees spend around an extra month working each year compared with public employees.
  • Six-minute video describes a bloated civil service
  • too many bureaucrats
  • higher pay than civilian counterparts
  • lavish retirement packages
  • earlier retirement at taxpayers’ expense
  • underfunded benefits
  • over-promised benefits
  • scammed overtime
  • scammed vacation time
  • many pensions over $100,000
  • next to impossible to fire government bureaucrats
  • slack rules for bureaucrats
  • very low attrition for government jobs – they stay on the job because it’s lucrative
  • too many government agencies should not even exist – they’re unconstitutional
 
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