Monday, December 17, 2018

Overpaid public-sector employees

By Chriss Street December 17, 2018

The U.S. Bureau of Labor Statistics reported that state and local government employee total compensation is now 47 percent higher than for private sector employees.

Total compensation for federal, state, and local government employees cost taxpayers $1.9 trillion in 2016, or about $15,176 per household. Although a 2010 studyby the Bureau of Labor Statistics (BLS) found full-time private industry workers worked an average of 12 percent more hours per year than state and local government workers, private sector workers on average make less in every category.

Most Americans are under the impression that the $50.03 average total hourly compensation for state and local employees versus the $34.53 an hour for private sector employees, is due to public sector defined benefit pension costs.

BLS hourly data reveals that state and local government employees receive $18.80 in benefits compared to $10.48 for the private sector, a spread of $8.32 or 79 percent more. But state and local employee hourly wages and salaries average $31.23 versus $24.06 for private sector employees, a spread of $7.17 or 30 percent more. That means public............To Read More

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