Think Freely Media presents Common Sense with Paul Jacob

The federal government encourages a certain “spin” regarding wages and salaries. Both taxation and regulation enforce a kind of accounting fraud in nearly all wage contracts. Employees receive a statement when they get paid, but that statement is not complete. Only half of an employee’s Social Security contributions are listed, for example — though, from the employers’ point of view, that unlisted “employer’s contribution” is just as much a part of a workers’ wage as the amount written on the check.

Most folks don’t see a full dollar-value listing of their benefit package at time of payment, either.

Of course, some things just can’t be accounted for in money terms.

In charming, smaller towns — like, say, Traverse City, Michigan, or Port Townsend, Washington — folks have been known to explain those towns’ somewhat depressed wage rates with a rhyme: “The view of the bay is part of your pay.”

And then there’s job security.

In a 2012 report comparing private sector jobs to federal government jobs, the benefit of public sector job security went unacknowledged. Naturally enough.

What we learn is that government employees tend to make a bit more that private sector employees, but, when you include benefit packages, their rates of remuneration are much higher — 16 percent higher.

But then, if to prove that the government really is all about equality, it’s not at the top end that government workers prove wildly overpaid; it’s at the less-credentialed “low end.” These job pay 36 percent more than comparable private sector jobs.

What is often not addressed in the wage and benefit debate is the fact that lower-skilled private sector workers are also disproportionately harmed by federal regulation, subsidies and other misguided policies.

This is Common Sense. I’m Paul Jacob.

By: Redactor

2 Comments

  1. MingoV says:

    That study comparing private and public pay did not look at productivity. Government workers are notorious for low productivity. I used to work at a VA hospital. We had at least 1.5 times as many admin positions as similar sized hospitals. The nurses had the highest pay in the region but the lowest productivity (fewer patients per nurse). When productivity is factored in, the pay rates of government workers are 25% higher than private workers (41% higher when benefits are included).

  2. We absolutely love your blog and find most of your post’s to be
    exactly I’m looking for. Does one offer guest writers
    to write content for yourself? I wouldn’t mind publishing a post or elaborating on many of the subjects you
    write related to here. Again, awesome web log!

    Feel free to visit my blog post windows 8 crack – http://windows8files.wordpress.com,

Leave a Reply

Your email address will not be published. Required fields are marked *

© 2017 Common Sense with Paul Jacob, All Rights Reserved. Back to top