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To: central_va

I read a study that showed Walmart could DOUBLE wages of its floor employees and the retail price would only tick up 2 cents per dollar.


Doubling the wages of our govt workers would only raise our taxes 2%?


6 posted on 05/18/2019 5:47:42 AM PDT by PeterPrinciple (Thinking Caps are no longer being issued but there must be a warehouse full of them somewhere.)
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To: PeterPrinciple
Doubling the wages of our govt workers would only raise our taxes 2%?

There are 2,748,978 ( 3 million rounded off ) civilian federal employees in the United States as of January 2009.

This is for 2009 but it will work for an good example.

Total compensation = 3,000,000 employee x $80,000/yr( estimated ) = $240B. Total Federal outlays 2009 = 3.5T.

So Federal employees consumed .240/3.5 = 7% of the budget.

So to answer your question you are off by 5%. It would cost 7% not 2% to DOUBLE wages of ALL Federal employees.

8 posted on 05/18/2019 6:18:53 AM PDT by central_va (I won't be reconstructed and I do not give a damn.)
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