Federal vs. Private Sector Wages and Benefits

The chart below from this study by the CBO (Congressional Budget Office) has had a good deal of discussion today (see here and here, though there are probably a lot more by now) and for good reason. It used to be that you took a public sector job knowing that the pay wasn't so hot but the benefits were good. Now you get both!

The CBO apparently tried to make this an apples-to-apples comparison by controlling for the many variables that affect wages and benefits and it seems to make sense – unless you're a doctor or lawyer, you're better compensated working for the gubment.

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