The Bureau of Labor Statistics released a report today on the Employment Cost Index. It shows fairly significant ongoing gains in total compensation for employees. The report covers data through June of 2024. For the prior 12 months up to June, private sector wages rose 4.1% while government wages rose 5.1%. On an after-inflation basis, in that period private wages increased by 1.1%, while government ones grew 2%. You get the point. We have too many government employees and they get paid too much. Why–because they are basically an ATM for the Democrat party. (BLS Release)
