The House Oversight and Government Reform Committee will examine a recent Congressional Budget Office report Thursday morning, which says government spends 17 percent more compensating its employees compared to the private sector.
Federal employees with a high school diploma or less earn 53 percent more in total compensation than their counterparts in the private sector, while federal workers with a bachelor’s degree earn 21 percent more, according to a new report from the Congressional Budget Office. In contrast, federal employees with a professional degree or doctorate earn 18 percent less than their counterparts in the private sector.
With the House postponing a vote on extending the federal pay freeze, feds are back on course to get a slight pay increase in March — for the first time in two years. But Andrew Biggs, a resident scholar at the American Enterprise Institute and an expert on public-sector compensation, says that the pressing budget issues the government faces means the issue of federal pay probably isn’t going anywhere.
On the In Depth show blog, you can listen to the interviews, find more information about the guests on the show each day and links to additional resources.
A new survey from the National Treasury Employees Union finds two-thirds of Americans said Congress should raise taxes on the country’s wealthiest citizens before cutting vital public services. However, others say the survey didn’t ask the right questions.
Researchers are struggling to agree on the best method for comparing public and private sector compensation. Some analysts say the use of differing methods results in wildly varied conclusions.