I think not:
The wages of federal workers are 2 percent higher than similar private-sector workers, on average.
The benefits of federal workers are 48 percent higher than similar private-sector workers, on average.
The total compensation (wages plus benefits) of federal workers is 16 percent higher than similar private-sector workers, on average.
I guess the relevant question is this: are federal services so efficiently provided and in such high demand that federal employees are truly deserving of a 16% wage premium? If not, federal employees are definitely overpaid.
An alternative question is this: would federal employees be paid as well for doing the same job in the private sector? If not, federal employees are overpaid.
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