Wednesday, June 12, 2013

Advice to ambitious whippersnappers: Get government work


Here is a quote from today's BLS employee compensation report. Government work is a much better deal than private industry for employees. That is therefore where the most capable among us will go.

"Private industry employers spent an average of $28.89 per hour worked for total employee compensation in December 2012, the U.S. Bureau of Labor Statistics reported today. Wages and salaries averaged $20.32 per hour worked and accounted for 70.3 percent of these costs, while benefits averaged $8.57 and accounted for the remaining 29.7 percent. Total compensation costs for state and local government workers averaged $41.94 per hour worked in December 2012. Total employer compensation costs for civilian workers, which include private industry and state and local government workers, averaged $30.84 per hour worked in December 2012."

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