The Mercatus Center at George Mason University recently released data outlining a rather striking fact: government pay in the last decade has outpaced that of the private sector.
I suppose this isn't surprising given that the government doesn't have any real competition to speak of. It's difficult to compete with someone who makes the rules and has a seemingly unlimited supply of funds.
Take a moment and read what the Cato Institute says about it here.
2 comments:
The government has a monopoly and the consequences are obvious. All government services except those mandidated by the competition should be outsourced or competed with the private sector. That would take care of bloated pay, bloated benefits and guaranteed employment regardless of performance. It is past time.
What's most disturbing about this issue is that a smaller and smaller number of private sector jobs are footing the bill for government workers. Fewer people paying in and more money being paid out. How does that math work?
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