Dave Manuel Logo
Tuesday, February 07, 2012
Click Here to Subscribe to My Free Newsletter

DaveManuel.com BLOG POSTS
FRONT PAGE
FUND REPORT
INSIDER FILINGS
TRANSACTIONS
STOCK QUOTES
SPECIAL FEATURES
PROFILES
FUND HOLDINGS
NEWSLETTERS
INTERNATIONAL
MAGAZINES
REFINANCING
TRADING ACADEMY
TWITTER ALERTS
ARTICLE ARCHIVE
BLOG POSTS
DICTIONARY
U.S. DEBT CLOCK
SUPERPAC SPENDING
U.S. UNEMPLOYMENT
ANSWERS
INFOGRAPHICS
PERSONAL FINANCE
REVIEWS
NEWSLETTER
CONTACT ME
ADVERTISE
ARTICLE FEED
BLOG FEED



2009-12-12 09:59:00

19% of Federal Employees Make Over $100,000




-- Federal Government - Capitol Hill building -- According to USA Today (link below), the number of federal employees making $100,000 or more in salary (before overtime pay and bonuses) jumped to 19% (from 14%) during the first eighteen months of the recession.

Despite the fact that the national unemployment rate ticked over 10% for the first time in over 25 years, the federal government doled out money to its workers at an astonishing rate.

Case in point - according to the USA Today, when the recession started back in December of 2007, only one Transportation Department employee was earning over $170,000 per year in salary. 18 months later, and nearly 1,700 Transportation Department workers are earning in excess of $170,000.

This trend has emerged in other departments as well, including the Defense Department.

In December of 2007, less than 1,900 Defense Department employees were earning $150,000 or more. A year and a half later and this figure is up to over 10,000.

According to USA Today, the average federal worker makes $71,206, nearly double the annual salary of an average worker in the public sector.

Jessica Klement, government affairs director for the FMA (Federal Managers Association), contends that "the federal workforce is highly paid because the government employs skilled people such as scientists, physicians and lawyers." She goes on to say that federal employees make substantially less than private workers in comparable positions.

This is all well and good, but it doesn't change the fact that many highly-paid government workers have received substantial (emphasis on substantial) pay raises while the country has suffered through one of the worst recessions in its history. Many people find this pretty distasteful when there are currently so many people who are out of work.

The article points out that an easing of pay caps, large pay hikes in 2008 and 2009 and a new pay system have contributed to the surge in "six-figure salaries" over the past couple of years.

Source: USA Today - For Feds, More Get 6-Figure Salaries

Photo: Elliott P.


Filed under: General Knowledge



COMMENTS - What Say You?






Related Articles
Dow Jones Industrial Average - 5 Year Chart - February 5th, 2012
Posted on: 2012-02-06 00:11:00
What Economic Collapse? Dow Hits Highest Levels Since May of 2008
Restore our Future - Logo
Posted on: 2012-02-02 16:55:00
$17.9 Million Donated to Pro-Romney "Restore Our Future, Inc." in Second Half of 2011
Republican Elephant - Illustration
Posted on: 2012-02-01 01:13:00
Mitt Romney Storms to Victory in Florida
Map of Japan with the flag over-imposed
Posted on: 2012-01-31 03:22:00
The Ticking Japanese Time Bomb
Winning Our Future logo and Restore Our Future logo
Posted on: 2012-01-30 01:00:00
Team Hedge Fund vs Team Adelson








REVIEWS OF TOP ONLINE FOREX BROKERS

EtoroVisit
ForexyardVisit
QuestradeVisit




Twitter

321


Dow Jones12845.13-17.1-0.13%
Nasdaq2901.99-3.67-0.13%
S&P 5001344.33-0.57-0.04%

The Manuel Fund Report Q3 Manuel
Fund Report

SPECIAL FEATURES

Debt Ceiling Changes (1940-Present)

United States Debt Clock

Most Recent Insider Filings

Where Did The DJIA/NASDAQ/S&P 500 Trade On..

Historical GDP Numbers for the United States

Recent SEC Hedge Fund Filings

US Government Spending Breakdown 1962-2015

House of Representatives Majority History

History of Deficits and Surpluses in the U.S.

History of Debt In The United States

Largest Foreign Holders of US Debt

Inflation Calculator

Historical Unemployment Rates in the United States

Historical State Unemployment Rates

Canada Debt Clock

A History of Bank Failures in the United States

Mortgage Refinancing Calculator

Dow Jones Historical Data

Nasdaq Historical Data

S&P 500 Historical Data

Finance Tweets

Median Household Income History

List of Failed US Banks 2000-Present




BLOG POSTINGS

Weekly SuperPAC Update: Restore Our Future, Inc. and Winning Our Future Spend Over $10 Million Combined

Joe Biden, The Everyman (Financially Speaking)

How Much Debt Did the United States Have When Barack Obama Took Office?

Ron Paul's Portfolio: An Apocalyptic Vision of the Future

NHL Franchise Values Before and After the 2004-2005 Lockout

A Look at Barack Obama’s Investment Portfolio

A Look at the UFC: Debt, Finances and Future Growth

Wall Street Journal Wine Club Coupon Code

WSJ Wine Club Promo Code

China Trimmed US Debt Holdings in October





FUND HOLDINGS

SPO Advisory Corp

Appaloosa Management L.P.

Lone Pine Capital LLC

BERKSHIRE HATHAWAY INC

JANA PARTNERS LLC

VIKING GLOBAL INVESTORS LP

AQR CAPITAL MANAGEMENT LLC

TIGER GLOBAL MANAGEMENT LLC

PENNANT CAPITAL MANAGEMENT LLC

GREENLIGHT CAPITAL INC



PERSONAL FINANCE

TFSA vs RRSP: What Are The Differences?

What is the Difference Between Replacement Cost and Actual Cash Value?

Take Control of Your Investments

What is the Debt Snowball Method?



POLITICAL NET WORTH

Rick Santorum Net Worth

Newt Gingrich Net Worth

Mitt Romney Net Worth

Ron Paul Net Worth

Joe Biden Net Worth

Barack Obama Net Worth



SUPERPACS

Endorse Liberty Inc

Winning Our Future

Restore Our Future, Inc.



REFINANCING

Auto Loan Refinancing - The Nuts and Bolts

Free Mortgage Refinance Quotes in California



MOST RECENT DICTIONARY ENTRIES

Blind Trust

Traditional IRA

Roth IRA

Safe State

Swing State

Corporate Welfare

Deficit Hawk

Blowback

Nanny State

Big Government




CREDIT CARDS AND OTHER SERVICES

The Top Three Online Stock Brokers In Canada

The Visa Black Card

The American Express Centurion Card (AKA The Amex Black Card)

The Top Two Forex Brokers in Canada

Hulbert Interactive Review

Retirement Weekly Newsletter Review

Wall Street Journal Subscription Discount

Barron's Subscription Discount - Over 60% Off The Newsstand Price

Barron's Coupon Code

Wall Street Journal Europe Subscription Discount

Hulbert Financial Digest Review

Wall Street Journal Weekend Only Edition Subscription Discount

WSJ Wine Club Discount Code and Review

WSJ Digital Plus Subscription Discount

4 Seasons Wine Club Promo Code

Virgin Wines Coupon Code

How to Trade Currency Pairs Such as EUR/USD, USD/JPY and USD/CAD

Open an IRA - Where Should You Open Your IRA?

Questrade Promotion Code



INTERNATIONAL CONTENT

Les Deux Meilleurs Courtiers Forex Au Quebec

Online Forex - Recensioner på Forexmäklare

Forex En Ligne - Des Avis Sur Des Courtiers Forex

Онлайн Forex - Отзывы о Forex брокерах

Online Forex - recenze Forex brokerů

Online-Forex - Übersicht der Forex-Broker

Forex Online - Recensioni di Mediatori Forex

Wie Sie den für sich richtigen Forex-Broker auswählen

Wie kaufen Sie Öl, Gold und Silber?

Welches sind die besten Deutschen Forex-Broker?




ARTICLE ARCHIVES

Blog Posts

Company Reviews

Daytrading

General Knowledge

General Market News

Health + Fitness

Hedge Fund News

Internet Companies

Making Money Online

Motivational

Online Forex Trading

Real Estate News

Stock Market Education

Stock Market Scandals

The Economic Meltdown

Trader Profiles



DaveManuel.com - Copyright 2012, All Rights Reserved | Advertise | Privacy Policy | Disclaimer