It used to be gov’t workers were paid well under the industry averages, but they had a good retirement to look forward to. Now they are paid more than industry, work less, and have a much much much better retirement plan.
Again, 100% correct and exactly the problem. I wouldn’t mind (and actually support the idea) paying them above the industry average if they actually performed better than their industrial counterparts. But they don’t. Because unlike their counterparts they aren’t held accountable when they screw up, or perform in a substandard way. So there’s no motivation to perform at the level their salary should demand. Should demand for anyone with a conscience. Which evidently they don’t have. (Well most in the higher levels anyway).
This was me!
Remember WIN buttons from Ford??
We were gonna Whip Inflation Now and show private industry how to do it!
While the rest of America was racking up double digit raises for about 3-4 years; we were held to 5.5%.
A LOT of good workers QUIT and went to private.
We lost thousands of man years of experience in that debacle!!!
No; we never get get caught up. Folks who stayed had too much invested by then and just went through the motions until they; too; retired.
The people who had retired BEFORE the WIN episode, ended up making more money retired than working, due to COLA raises yearly while WIN was in force.
https://en.wikipedia.org/wiki/Whip_inflation_now