Government workers are paid from your taxes and to add insult to injury, they make more than you in both salaries and benefits. From Tyler Durden at zerohedge.com:
Two weeks ago we observed that as private sector wage growth was slowing sharply, government worker wage growth had just hit a new all time high and was gingerly moving ever higher.
Picking up on this topic, Mish Shedlock writes that the BLS released its employer costs report for the 4th quarter of 2023. He investigates how much state and local government workers make compared to private industry workers.
Information from the BLS report on Employer Costs.
The Employer Costs for Employee Compensation (ECEC) measures the average employer cost per employee hour worked for total compensation, wages and salaries, and benefits, and costs as a percent of total compensation. These data are collected through the National Compensation Survey (NCS) and provide information about average compensation in the economy at a point in time.
Employer Costs $ Per Hour Comparison
- State and local government worker’s total compensation is $60.56 compared to $43.11 for private industry.
- State and local government worker’s salary is $37.53 compared to $30.33 for private industry.
- State and local government worker’s benefits are $23.03 compared to $12.77 for private industry.
Employer Costs Percentage Comparison
- State and local government worker’s total compensation is 40.5 percent higher than private industry.
- State and local government worker’s salary is 23.7 percent higher than private industry.
- State and local government worker’s benefits are 80.3 percent higher than private industry.
Rump vassal taxable units of the state?
I obey is not a virtue.
Remember the Jerry Ford quote, a government big enough to give you everything you need is big enough to take it all away.
And right when you need it the most.
How’s that government as mommy and god working out?