More than $142 million in bonuses last year; outrageous! Instead of giving out bonuses, companies should be more concerned about their customers, more concerned about growing income inequality. Oh wait, those bonuses were actually given out last year by the Department of Veterans Affairs – no doubt for administrative excellence.
Do you get a bonus every year? Do you have a traditional pension? Are you largely insulated from downsizing and meaningful performance evaluation.
According to a Cato Institute analysis the average federal employee earned $84,153 in 2014—roughly 50% more than the average worker in the private economy. Add in the value of health care and pensions, and total compensation rises to $119,934— about 80% higher than the average American.
You can rant about the difference between CEOs, and billionaires and average Americans all you want. The fact is the type of inequality that actually affects average people is the income differences like those shown above. Not only do government workers have a sweet deal, the average American with significantly less compensation is paying the bill. Add in similar generous packages for many state workers and you know where income inequality really matters.