High school dropouts who find jobs with the federal government are paid 36% more than high school dropouts in the private sector. This was the finding of a recent study by the Congressional Research Service.
This is good news for defenders of liberty. It means that the Federal government will absorb these short-sighted people who had no academic abilities. This removes them from the private sector. So, the federal government will be even less efficient than it was before it hires these people.
This is good. It costs a little more, but it pays. Compared to the general waste of the federal government, this is chump change.
Admittedly, it will make the government even less responsive to taxpayers. But when was the federal government ever responsive to taxpayers? We should look on the bright side. The bureaucracies will be slower and more ponderous than ever.
It turns out that the FedGov pays almost everyone more than they would be paid in the private sector. (This does not include former CEO’s of Goldman Sachs, who serve time as Secretary of the Treasury or in the Senate in order to make sure things go well for Goldman Sachs.)
Got a bachelor’s degree? Then the federal sector will pay on average 15 percent more in total compensation. A master’s degree? 8 percent more in total compensation.
If you hold a “Professional Degree or Doctorate,” however, the situation reverses, and the federal sector pays an average 18 percent less than found in a comparable job in the private sector.
For “All Levels of Education” the CBO study found that the federal worker gets 16 percent more in total compensation than the comparable private sector employee.
The better your formal education, the less you are appreciated by the FedGov. This shows an awareness of economic value that surprises me.
Conclusion: when hiring inefficient people, the FedGov goes after the less expensive ones. Governing philosophy: “If we are going to pay people to get nothing done, let’s hire them cheap.”
I can’t argue with that!