3 ms·
2021: 1% 2022: 2.7% 2023: 4.6% 2024: 5.2% Federal employees pay seems to lag inflation by 1-2yrs (ex benefits, retirement). I think some people worry about gov
by obblekk 4y ago
2021: 1%
2022: 2.7%
2023: 4.6%
2024: 5.2%
Federal employees pay seems to lag inflation by 1-2yrs (ex benefits, retirement). I think some people worry about government unfairly outcompeting private sector businesses for employees, but these pay increases don't seem to be the mechanism by which that happens.
- woodruffw 4y agoIs that a common worry? At least in my niche, the highest GS salary band doesn't come close to normal annual compensations (and comes with many additional requirements, such as a PhD or other indication of exceptional worth). The people I know who find government (both state and federal) employment attractive do so because it offers a better work-life balance and, for state employees, the possibility of a pension. That or they're attracted to a specific agency or department's mission, which is not something that private groups can always compete with at all (e.g. when they reflect a regulatory role).
- dataflow 4y ago> The people I know who find government (both state and federal) employment attractive do so because it offers a better work-life balance and, for state employees, the possibility of a pension. Student loan forgiveness is another one.
- woodruffw 4y agoThanks, I wasn't aware of that[1]. Still, I wonder if that's a major draw: federal employment numbers have been roughly stagnant for decades, and have declined on a per capita basis. [1]: https://studentaid.gov/pslf/ https://studentaid.gov/pslf/
- dataflow 4y agoThe government only needs so many employees, and automation has gradually replaced some jobs (I imagine in USPS, IRS, etc.), so I'm not sure I can draw any conclusions from that. I'd be curious on the stats too, yeah.
- neural_thing 4y agoNeeds? The bureaucracy is expanding to meet the needs of the expanding bureaucracy.
- dataflow 4y agoEven geometric growth still has a limit...