Our new NYC Comptroller has a lot on the ball...
Here's a new report published on his website on the real financials behind the NYC Municipal work force...
Municipal Employee Compensation: New York City
by Frank Braconi, Ph.D. Chief Economist
A Report from Retirement Security NYC, an initiative by Comptroller John C. Liu
Some excerpts from the Report Summary:
Regarding public school teachers:
- NYC public school teachers earn less than private, for-profit sector
employees with similar education, even adjusting for the teachers’
shorter work year. See Pages 15-16
- Both male and female public school teachers are paid less than workers
with similar education in the private, for-profit sector. See Pages 15-16
- The public-private wage gap for male public school teachers is larger
than for female teachers. See Pages 15-16
There's more:
General:
- Without adjusting for age, education, or any other demographic factors,
the average full-time government worker in NYC earns 17 percent less
than the average private, for-profit employee. See Page 10
- The wage distribution is “compressed” in NYC government, i.e.
there is less disparity between lower and higher income earners.
See Pages 11-12
- The wages of City workers on average are lower than their private
sector counterparts even though City workers are more highly
educated. See Pages 10-12
- City employee benefits do not offset the adverse pay differential for
highly-educated City workers. See Pages 26, 29
- Large private, for-profit employers (those with more than 1,000
employees) pay wages that are 13 percent higher on average than
small and midsize private employers. See Page 7
- The City of New York is the 11th largest employer in the nation.
See Page 8
View entire Municipal Employee Compensation in New York City here.
