Why Do Federal Workers Make Twice As Much As Private-Sector Workers?

fatcat

An interesting detail from John Mauldin’s latest economic note:

The average federal worker makes $75,419 a year, while the average in the private sector is $39,751.

Why is that, exactly?  Is it because Federal workers are 80% better than private-sector workers?

And remind us again why, in the interest of cutting the deficit, the government shouldn’t just slash 20% of its budget across the board?

See Also: Our Debt Will Kill Us

NOW WATCH: Briefing videos

Business Insider Emails & Alerts

Site highlights each day to your inbox.

Follow Business Insider Australia on Facebook, Twitter, LinkedIn, and Instagram.