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I’ve always thought every government worker with a security clearance should be allowed to insider trade as a way to make up for their lower salaries than in the private sector.
This comment may be more applicable to state-government employees than to federal-government employees.
@anti_dan
Employees of my state government definitely have low wages in comparison to private industry. Resignations for higher-paying non-government jobs were continual during my time there. I saw multiple highly-regarded employees, including one person who was widely considered a shoo-in for future director of my entire department, leave for private industry.
@greyenlightenment @Amadan
Pension is 1/100 of salary per year of tenure for federal workers (based on contributions of 4.4 percent of salary—Amadan's figure of 6 percent appears to be incorrect), but 1/60 of salary per year of tenure (two-thirds higher than federal government) for employees of my state government (based on contributions of 7.5 percent of salary).
They definitely have stable employment. I am ignorant of the details of the health-insurance situation.
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What percentage of federal workers with a clearance are actually underpaid these days? The GS salary structure is not miserly, particularly if you are somewhere other than Northern Virginia, and the feds have often recruited for more permanent positions (places like the DOJ are often temporary places of employment for strivers and are outliers) middling candidates. Paired with stability of employment and the generous retirement programs and it seems like a good deal for a lot of them. Particularly given in a lot of these positions, maintaining clearance once you are out of government is not guaranteed and losing it would mean losing your private sector position.
The people responsible for the successful execution of the Maduro capture added at least $100 billion in value to the US Equity market. There is no way they are being fairly compensated.
The stock market gaining $100 billion in valuation is easily within a standard deviation of movement
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Eh, the stock market went up, but it's not necessarily a result. Why would deposing Maduro help the US equity markets that much?
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Yeah, the biggest problem they'd get into for that isn't the SEC regulation violations.
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but they get huge pensions, stable employment, top tier healthcare packages and other perks
The old pension system which only boomers have was fairly generous (though still not "huge"), but the current one gives you at most 33% of your highest annual salary after 30 years of service, and requires around a
6%4.4% contribution.Have you been paying attention to Trump's second term?
Feds get access to Blue Cross/Blue Shield and Kaiser and a bunch of other health plans, but generally not "top tier" ones (or if they take the top tier it's very expensive). The government pays an employer contribution but it's not like feds are getting free or executive-level health care.
Nothing that isn't pretty standard (and often better) in private industry.
the DOGE layoffs were single year outlier of otherwise stable employment and good job prospects . 90% of the reduction was voluntary and only 10% through formal termination
To add to what @Amadan said:
Anecdotal, but people I know at state level agencies are seeing an influx of applications from federal level employees for essentially the first time in history.
Historically, state level work is minor league and federal level is The Show. AUSAs are overqualified to be local ADAs, are better paid, went to better schools, have better exit opportunities into private practice. An ADA aspires to work for the US Attorney, rarely the reverse.
Now, local DAs are reporting a good number of well qualified AUSA's applying for jobs at the county DA. That is water flowing uphill. Ditto state environmental departments, attorneys general, parks departments, etc.
Barroom speculation and rumor is that these AUSAs are concerned about job security, worried about being forced to participate in political prosecutions for reasons both cynical (I might face consequences when the worm turns) or ideological (I'm not going to sign my name to false indictments), and are frustrated with incompetent appointees in charge.
But assistant prosecutors in particular are generally pretty right wing and very law and order, so it's particularly notable that they're trying to get out.
This kind of talent shift is both a notable sign of something going on in the bureaucracy, and a long term power shift between state and federal agencies.
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This is only partially true.
The goal was to disrupt federal employment as something people think of as stable and secure. The administration knew that they had to do something damaging enough that the next administration can't just undo it in the new president's first month in office. This has certainly been accomplished. Many of the "voluntary" reductions were because of the fear of imminent layoffs and the administration making it clear that those who didn't take the deal would be facing involuntary termination.
The assumption that federal employment is stable and secure (let alone a "sinecure") is no longer valid.
The deal feds used to implicitly be offered was lower pay and benefits in exchange for stability- layoffs were very rare and of course being terminated is difficult (though not as difficult as some people think). Now they get lower pay and benefits, and the current administration has made it very clear they want to get rid of as many of them as possible and will do what they can to accomplish this. They may or may not be successful, but the intention was to go right for the feds who had the attitude last time that they could just wait Trump out.
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Lockheed employees are not poor in retirement either.
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