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Admittedly, I found hundreds of resources. Half of them said that "Private Makes More". The other half said "Public Makes More". The ones that said that Privat
by kefka 10y ago
Admittedly, I found hundreds of resources.
Half of them said that "Private Makes More". The other half said "Public Makes More". The ones that said that Private makes more, usually added in commentary about Right-to-Work states, and discussed unions, whereas "Public Makes More" discussed the excesses and governmental waste, and evils of taxes. I'm sure you can see a trend of biases here. Attacking Private was Democrats and Left leaning orgs. Attacking Public was Republicans and Right leaning orgs.
The best, most impartial was from a reddit posting (https://www.reddit.com/r/engineering/comments/314v7b/does_private_sector_work_still_generally_pay_more/ https://www.reddit.com/r/engineering/comments/314v7b/does_pr... ) asking specifically about engineering pay between public and private. Of course, by the very definition they are anecdotal. But they seemed to try to answer "What is better monetarily and compensation-wise, rather than bringing in socio-politics in its stead.
- crdoconnor 10y agoThe third possibility that is curiously rarely considered by so called 'market' advocates is that it might be a competitive market and both groups are offered more or less equally attractive compensation packages.
- kefka 10y agoI would think a way to discern this, is that absolute cash in hand, private makes more. Public, if you add in the non-cash benefits, makes more. The argument however, of what I was making, is that if attrition destroys the understood contract of the non-cash benefits, Public would make significantly less and be less able to attract good talent. We are already seeing that with regards to K-12 teaching profession in many states. I was asked to cite sources; kindly at that after respectful disagreement. After some searching, determined that answering that was going to be extremely partisan, and refused to answer the question at hand of "citation needed". And your suggested answer seems to be what the hordes on reddit kind of, not really, sort of agreed to. In the end, even on reddit, it was back and forth 50% one way, and the other.
- wahern 10y agoIt should be expected (and the common wisdom) is that government jobs pay less than comparative work in the private sector, all else being equal. That's because government jobs are protected by the constitution. Courts have said that government employees have a property interest in their employment such that the due process clauses of the 5th and 14th amendments attach. Firing and even laying people off is much more costly in the public sector because the government has to follow and document detailed procedures when firing or even reprimanding employees. The legal burden is on the government to show legality, whereas in at-will private sector employment the burden is on the employee to show illegality. It's a _huge_ difference. Also, there tends to be much less funding and employment volatility in the public sector. The [theoretical] ability to increase taxes, and favored rates on municipal bonds, make it easier to cover short-term gaps in funding jobs. Therefore, given the relative job security, we should expect public employees to make less than their private sector counterparts. In practice, though, it's more difficult to assess. In almost all states large segments of public sector employment operate basically as a jobs program--for various disadvantaged groups (i.e. blue collar worker without a college degree, minorities, etc). And part of the reason is because similar blue collar jobs in the private sector have disappeared. That makes comparing income difficult. At the other end of the scale, highly skilled people likely value job security much less. That means there's more pressure to increase salaries to attract those individuals. EDIT (append): Also, at the federal level there exists a relatively unknown non-partisan equilibrium / agreement in Congress that has capped the federal civil service. The number of federal civil service employees has remained virtually unchanged since the 1960s.[1] The huge growth in discretionary federal spending has been funneled into out-sourcing. Huge swaths of the "private" economy are basically federal jobs programs. Firing is much easier, but executives and shareholders get to skim cream from the top. The whole dynamic really confounds everything. [1] https://www.opm.gov/policy-data-oversight/data-analysis-documentation/federal-employment-reports/historical-tables/total-government-employment-since-1962/ https://www.opm.gov/policy-data-oversight/data-analysis-docu...
- deleted 10y ago[deleted]