Yes and no. People tend to get grumpy about public sector employees making money… But then they simultaneously lament that government is broken and incompetent, because nobody talented wants to work in the public sector. Because why would they, when they can make 5x as much in the private sector?
If you want to attract competent employees, you need to offer competitive rates. Otherwise, you’re asking people to actively sacrifice their own livelihoods. I agree that $250k is plenty in most places, but I also haven’t done the math to see if that is a decent salary for NYC.
If anything, the government paying decent rates will incentivize the private sector to match it as well, which helps every employee. The same way minimum wage is a major market push for increased wages across the board.
From roughly $250k to roughly $300k. So he will continue making just over $250k.
Wow, thanks. Definitely doesn’t need that much.
Yes and no. People tend to get grumpy about public sector employees making money… But then they simultaneously lament that government is broken and incompetent, because nobody talented wants to work in the public sector. Because why would they, when they can make 5x as much in the private sector?
If you want to attract competent employees, you need to offer competitive rates. Otherwise, you’re asking people to actively sacrifice their own livelihoods. I agree that $250k is plenty in most places, but I also haven’t done the math to see if that is a decent salary for NYC.
If anything, the government paying decent rates will incentivize the private sector to match it as well, which helps every employee. The same way minimum wage is a major market push for increased wages across the board.