Government Jobs Pay More

One of the themes we've been harping on around here is that government jobs often pay more than private sector jobs. The New York Times today carries an op-ed piece by money manager David Einhorn that makes this point: "Public sector jobs used to offer greater job security but lower pay. Not anymore. In 2008, according to the Cato Institute, the average federal civilian salary with benefits was $119,982, compared with $59,909 for the average private sector worker; the disparity has grown enormously over the last decade."