By Wyatt Earp | December 11, 2009
Well, does the federal government have the job for you! Big government is taking care of business, and business is booming.
USA Today reports that federal salaries have increased rapidly during the recession, leading to an explosion of six-figure salaries in the public sector:
The number of federal workers earning six-figure salaries has exploded during the recession, according to a USA TODAY analysis of federal salary data.
Federal employees making salaries of $100,000 or more jumped from 14% to 19% of civil servants during the recession’s first 18 months — and that’s before overtime pay and bonuses are counted.
Federal workers are enjoying an extraordinary boom time — in pay and hiring — during a recession that has cost 7.3 million jobs in the private sector.
Bureaucracy is the real recession-proof industry. The numbers are mind-boggling. In 18 months, the number of federal employees making over $100K have increased 46%. The number making over $150K has more than doubled. (H/T – Hot Air)
And before you ask, this stat is for federal jobs. Peons like us municipal employees have job security, but we aren’t swimming in the benefits of salary increases.
(Actually, Philadelphia police officers and firefighters have been working without a contract since July 1st, but who’s counting?)