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IPFS News Link • Employment & Jobs

Government Worker Wages Drop Most On Record

• by Tyler Durden

 It's why there are over 9 million Federal workers in the US. Luckily, it's a minority and what has kept America's economy vibrant over the years is the great preponderance of private sector workers.

To be sure, the US government - in its attempts to become ever bigger over the years - has aggressively tried to attract as many workers to its ranks as possible over the generations, and in the 1980s it was offering impressive wage gains to government workers of well above 6%.

However, things have changed, and according to the latest personal income report released this morning, it is now punitive to work for the government because in October, wages and salaries for government workers declined by 2.2% compared to last October, the biggest decline on record.