{"id":89186,"date":"2013-04-25T02:16:15","date_gmt":"2013-04-25T08:16:15","guid":{"rendered":"http:\/\/dyspepsiageneration.com\/?p=89186"},"modified":"2013-04-25T02:16:15","modified_gmt":"2013-04-25T08:16:15","slug":"the-federal-pay-scale-inflated-yet-compressed","status":"publish","type":"post","link":"https:\/\/dyspepsiageneration.com\/?p=89186","title":{"rendered":"The Federal Pay Scale: Inflated Yet Compressed"},"content":{"rendered":"<p><a href=\"http:\/\/econlog.econlib.org\/archives\/2013\/04\/the_federal_pay.html\" target=\"_blank\">Bryan Caplan<\/a> gives you the news.<\/p>\n<blockquote><p>Here&#8217;s what the CBO found:<\/p>\n<p>1. After adjusting for education, occupation, work experience, and other observable characteristics, federal salaries are only 2% higher than in the private sector.<\/p>\n<p>2. HOWEVER, federal workers&#8217; fringe benefits are 46% higher than in the private sector.\u00a0 As a result, total compensation (salary + benefits) is 16% higher for federal workers than comparable private sector workers.<\/p>\n<p>3. Overcompensation is highest for the least-educated federal workers &#8211; +36% if you&#8217;ve got a high school diploma or less.\u00a0 As education rises, the federal worker premium falls.\u00a0 Federal workers with professional or doctoral degrees actually earn 18% less than private sector counterparts.<\/p><\/blockquote>\n<p>And why would they do that? The power, my friend, the power.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bryan Caplan gives you the news. Here&#8217;s what the CBO found: 1. After adjusting for education, occupation, work experience, and other observable characteristics, federal salaries are only 2% higher than in the private sector. 2. HOWEVER, federal workers&#8217; fringe benefits are 46% higher than in the private sector.\u00a0 As a result, total compensation (salary + [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[],"class_list":["post-89186","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/dyspepsiageneration.com\/index.php?rest_route=\/wp\/v2\/posts\/89186","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dyspepsiageneration.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dyspepsiageneration.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dyspepsiageneration.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dyspepsiageneration.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=89186"}],"version-history":[{"count":2,"href":"https:\/\/dyspepsiageneration.com\/index.php?rest_route=\/wp\/v2\/posts\/89186\/revisions"}],"predecessor-version":[{"id":89188,"href":"https:\/\/dyspepsiageneration.com\/index.php?rest_route=\/wp\/v2\/posts\/89186\/revisions\/89188"}],"wp:attachment":[{"href":"https:\/\/dyspepsiageneration.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=89186"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dyspepsiageneration.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=89186"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dyspepsiageneration.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=89186"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}