A couple of follow-ups on my latest GET A GOVERNMENT JOB! rant.
(1) From yesterday’s Wall Street Journal:
The George W. Bush years were very lucrative for federal workers. In 2000, the average compensation (wages and benefits) of federal workers was 66 percent higher than the average compensation in the U.S. private sector. The new data show that average federal compensation is now more than double the average in the private sector …
(Thanks to a pal in Charlotte, N.C., for that.) Then
(2) Tom Piatak over at Takimag picked up the same story I had. Tom notes that:
Of the 50 counties in the United States with the highest percentage of people aged 25-34 making over $100,000 per year, sixteen of them were in the Washington area, and only two counties not near Washington or a state capital made the top ten.
As Tom further remarked to me in an offline exchange, many of our state capitals have become mini-D.C.s. In Ohio, for example, Columbus is the only part of the state doing well.
Unless you have a terrific talent for something like hitting a ball or trading commodity futures, the private sector is a mug’s game; and this was, sad but not surprising to record, more true at the end of GWB’s eight years than at the beginning.
GET A GOVERNMENT JOB! Be sure to tell your kids.