Tuesday, February 9, 2010

Grand Theft Taxpayer. Salary edition.

Bureau of Labor Statistics released a report the other day detailing the disparities between private and public sector pay at the state and local level.

We'd already heard that federal employees make $30,000 more than the taxpayers paying those salaries, and even more explosive salary growth came from the Transportation Department:
"When the recession started, the Transportation Department had only one person earning a salary of $170,000 or more. Eighteen months later, 1,690 employees had salaries above $170,000."

Now, thanks to the BLS report, we see that the disparities in pay occur at every level of government.  I mentioned this to someone the other day and they said "Well we want really smart people working for us, so they need to earn more!"  

It's a common practice in business, for the founder to attempt to hire people smarter than him/herself - of COURSE they'd try to - but that doesn't mean they PAY their employees more than they take home as the owner.  But taxpayers get to do just that, and if they hesitate then they're accused of "balancing the budget on the backs" of _____ (insert children, environment, etc.)


(Source - BLS)

Copyright 2010 AlphaNinja

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