CBO Notes Federal Employees Make More Than Similarly Educated Workers In Private Sector
February 1, 2012 by Special To Personal Liberty
The generous benefit packages that many Federal employees receive have helped these individuals earn significantly better compensation than similarly educated workers in the private sector, according to a report released by Congress’ chief scorekeeper.
The Washington Times reported that the Congressional Budget Office (CBO) noted that Federal workers earn 16 percent more in total compensation than comparable private-sector employees. This includes wages and benefits for these individuals.
According to the newspaper, only private-sector workers with the highest levels of education, such as lawyers and doctors, earn more than their counterparts in the public sector.
“For workers at all education levels, the cost of total compensation averaged about $52 per hour worked for federal employees, compared with about $45 per hour worked for employees in the private sector with certain similar observable characteristics,” analysts from the CBO said in the report.
Fox News reported that compensation was 36 percent higher on average for Federal workers with a high school degree, 32 percent higher for Federal employees with some college education and 15 percent higher for Federal workers with a bachelor’s degree.