Public workers highly paid? Not exactly
Tuesday, October 19, 2010
(10-19) 04:00 PDT Sacramento - --
Public workers in California earn 7 percent less on average than private sector employees, but make about the same amount after benefits and other compensation are factored in, according to a study released Monday.
The study by economists at UC Berkeley and Rutgers University found that the similar wages and benefits exist despite the fact that 55 percent of public employees in the state have a college degree, compared with just 35 percent of California's private sector workers. Education levels are usually the most important factor in determining wages, but public employees do not get the same return for their education level as private
Read more: http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2010/10/18/MNUJ1FUAOH.DTL#ixzz12o8wLoz5