Public/Private Sector Compensation Bakeoff (Renée Loth Edition)

(More grist for the public employee salary mill)

From Renée Loth’s Saturday Boston Globe op-ed:

Although public sector workers as a whole in Massachusetts do earn more than workers in the private sector, the difference is largely explained by the fact that most public workers are better educated. The private economy includes everyone working at Walmart and McDonald’s along with the CEOs. But in Massachusetts, at least, 60 percent of government workers have a college degree.

When the numbers are corrected to compare apples to apples, the analysis found, state and local government workers with college diplomas earn 17 percent less than their college-degree equivalents in the private sector. Workers with advanced degrees suffer an even larger wage penalty.

The hardworking staff totally doesn’t care about this issue anymore, but if you splendid readers still do, go nuts.

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1 Response to Public/Private Sector Compensation Bakeoff (Renée Loth Edition)

  1. jake foster's avatar jake foster says:

    maybe we should get less educated government workers and save the taxpayers some money.

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