I wish I could have posted this in October when we did it but better late than never.
It opens with Bill Shireman, the CEO of The Future 500, a client of mine. He is then followed by a keynote from David Stockman discussing the book he was then writing, which has since become an instant classic The Great Deformation. Lastly is your editor and a great collection of guests talking about crony capitalism right before the 2012 election.
Time is money and money is also time. A lot of taxpayer “time” is spent doing union work unrelated to the mission of a particular federal employee. This is one of the reasons public employee unions are the only unions with any growth. You pay for their work.
An American woman unwrapping Halloween decorations bought from K-Mart earlier this year found a note which appears to have been written by someone working in a Chinese forced labor camp. It desperately asks the world to pay attention.
The Congressional Budget Office released a report on January 30th estimating that federal workers make 16% more on average than private workers. Benefits, which are included in the 16% figure, are 48% higher or about $20 per hour higher. The overall average was $52 an hour for each federal employee. If only lower and middle level workers are included in the analysis, federal workers do even better in the comparison to private workers. The federal government employs 2.3mm civilian workers (not part of defense spending) at a total cost of $120 billion.