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When you control for benefits and job stability, I think people in the public sector are better compensated than in the private sector on average.

People always flog this horse about public sector benefits. My husband (in the public sector his whole working life) has excellent PTO, I'll grant you, but our insurance benefits are not great. Overall, our health expenses run us more than our mortgage payments every year (we have a cheap mortgage and some expensive conditions and prescriptions). Job stability--it is hard to get fired, I grant you, but not so hard to get laid off.