Why don’t Federal employees have rainy day funds?

Even Lady Gaga is getting into the act, using precious concert time to trash Trump (“holding Federal employees hostage”) & Pence (“worst example of Christianity”) … and to rep for the cash-strained furloughed government workers.

OK, I know that 80% of Americans don’t have $500 in reserve to cover unexpected expenses.

I understand that for part-time burger-flippers working for minimum wages with no benefits.

But, that’s not Federal government employees.

A 2017 CBO study revealed that, on average, civilian Federal government employees make civilian federal workers make 17 percent more in wages and benefits than similar workers in the private sector.

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Before you say; “Yeah, but these pay-deferred government employees are disproportionately from the lower end of the payscale.”

Let’s look closer at the data…

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Specifically, note that among employees with HS educations or less, gov’t employees make about $50 per hour in wages and benefits … 67% more than the $30 per hour earned by comparable private sector employees.

Now, laser-focus on just wages…

An average gov’t employee with a HS education or less makes about $30 per hour in wages  … 50% more than the $20 per hour earned by comparable private sector employees.

That $30 per hour average gov’t employee wage translates to more than $5,000 monthly … over $60,000 annually.

Math note:  $30 x 52 weeks x 40 hours / week = $62,400 / 12 = $5,200

Can’t some of that $60,000 be put aside for rainy days (or government shutdowns).

Let’s cut that another way…

On average, these gov’t employees get $10 per hour more than comparable private sector employees … that translates to about $20,000 annually.

Bank half of that and they’re covered for 2 months of deferred pay.

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Maybe that’s why some folks don’t sympathize with the pay-deferred government employees.

So, what are you going to believe … a Lady Gaga rant or the CBO data?

I think that I’m going with the data.

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