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Thursday, November 03, 2005

The Rising Cost Of Government Drones

Hat tip to Real Clear Politics for this article (below I provided the link for your reading pleasure). Here are some money quotes from the article:

"Wages average a hefty 37 percent higher in the public sector, but the differences in benefits are even more dramatic. Local governments pay 128 percent more, on average, than private employers to finance workers’ health-care benefits, and 162 percent more on retirement benefits. Although the private sector’s heavier concentration of low-wage service employment accounts for some of the wage and benefit gap, public-sector employees do better these days even when you compare similar jobs. Total compensation among professional workers in the public sector is on average 11 percent higher than for similar jobs in the private sector, for instance."

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