Actually if we paid them more they would be less likely to take bribes and get corrupted by lobbyists. It will attract many people, but it is required to attract the many of the most talented people. Why do New York and San Francisco have the highest concentration of CEOs worldwide but also have some of the highest rates of homeless in the U.S.?

Sure, there are perks and bennies, but just being a Congressman or Senator is not a sure way to gain wealth. When are we Americans going to do something about the unrealistic amount of money we give our Senators and Congressmen by way of salary and benefits? Pork Barrel spending refers to Bill passed for projects for a Senators home state or a Congressman's district, not their salaries.

Quite a percentage of them, who are wealthy already, take a pay cut to serve. Trump threatens to send in lawyers after election ends, Actor Eddie Hassell dies at 30 after being shot in Texas, This is one of the easiest ejections a ref will ever make, Iconic restaurant chain files for bankruptcy, After deputies kill Black man, Vancouver, Wash., erupts, McCain sees 'insane level of meltdown' if Trump loses, Home Depot draws fire after co-founder backs Trump, Raiders player hospitalized after pregame IV mishap, Scientists nab 2 'murder hornet' queens, destroy nest, U.K. court rules against Johnny Depp in libel action, Video altered to make it look like Biden made state error. In New York City, where I live, it isn’t uncommon to walk by buildings of some of the world’s wealthiest companies with a row of homeless individuals living in abject poverty right below it. They gain, and the taxpayer loses. Since Congress is gridlocked  … and, since the President is end-running  Congress on most matters … the fulfillment can’t be “having an impact”. Change ), You are commenting using your Twitter account. 2020 internal concerns of CEOs as surveyed by The Conference Board. How come trump withdrew the USA from the world economy? My best and sincere advise. Isn't a Senator's job more important. Then we really would get some really good ones, wouldn't we? This entry was posted on September 28, 2015 at 6:59 am and is filed under Congress - Senate. Why do New York and San Francisco have the highest … Possibly because the American people have forgot that the politicians work for us, not the other way around. In 2015, public-sector workers in cities received nearly $40,000 in benefits, split between roughly $25,000 for pensions and $15,000 for other benefits. News & Views on Marketing, Economics & Politics. Is the covid virus still spreading among Americans? Nationwide, government-worker compensation has been growing more rapidly than private-sector compensation for several years, but this trend is on steroids in California, where some state and local government workers are now paid roughly twice as much as those in the private sector. A Senator salary is $174,000 annually. However, this amount would be even higher if the pension contributions accurately accounted for the fact that pension funds are currently underfunded. The current salary for most lawmakers is $174,000. All Rights Reserved, This is a BETA experience. And as noted above, this understates the true cost of benefits because of pension underfunding. You may opt-out by. Citizens can do nothing about it short of a French style revolution. With the Boehner resignation, I started to wonder (again): why do these guys work so hard to get elected? In order for public office to be an attractive prospect, the salary needs to be competitive with the kinds of jobs they would be able to hold if they weren't in office. What amazes me is how state and local politicians can amass personal fortunes in spite of this without being caught with their hands in the till. And a lot of people just don't realize just how much money that they truly make. Don't forget that corporate fat cats have their grubby little paws in politics as it is. It used to be a good job but not anymore. Change ). While there are important caveats in comparing compensation across workers of all types, differences in how competition guides public- versus private-sector compensation practices are important in understanding this two-fold difference in … The public-sector compensation figures also understate the true cost per employee, because they don’t account for pre-funding of supplemental retirement health care. Recession risk topped the list of external risk factors, and the risk that is most frequently publicized as a primary concern. During the Constitutional Convention, the founding fathers considered the idea of not paying members of the government for their service. Become engaged in a community that shares an interest in the mission of the Hoover Institution to advance policy ideas that promote economic opportunity and prosperity, while securing and safeguarding peace for America and all mankind.



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