Study: Public Employees Earn 29% More Than Private Sector
Job ad suggestion: “Get Rich Quicker – Work For The Government!”
The Illinois Policy Institute conducted a study that compared the compensation differences between public and private sector employees. While it is natural to think that those working for the government earn less on average the facts speak for themselves. This is what IPI discovered in Obama’s home state:
Average Employee Compensation in Illinois
Overall, the average compensation for an Illinois government worker is higher than the average compensation for a private sector worker in Illinois. It is estimated that in 2008:
- Compensation per state government employee averaged $69,500, which is 23 percent more than the private sector worker average of $56,500. Much of the difference was in employer-paid benefits, which were more than 1.5 times that of private employees. State employees received 16 percent more in wages and salaries than private employees.
- Compensation per local government employee averaged $63,100, which is 12 percent more than the private sector worker average of $56,500. Much of the difference was in employer-paid benefits, which were more than 1.5 times that of private employees. Local government employees received 4 percent more in wages and salaries than private employees.
Compensation Per Hour Worked: The gap between state and private employee compensation is greater per hour worked. The more generous state government paid time off policies raise the state government employee compensation advantage to 28.8 percent over private employees.
Flashback: California lifeguards make over $120,000 per year!
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