If you don’t think that the growing gap between corporate and public-sector salaries is a big problem for the country, think about this one:
The chief of counterterrorism investigations for the FBI is leaving to work for the Steve Wynn gambling operation. [*]
I have no idea whether this guy is any loss or not. But assuming he was good at his job, the country would have been safer if leaving it, rather than staying in it, meant a financial sacrifice.
If a college football or basketball coach — a public employee — can get a financial package worth a million dollars a year without causing a fuss, why is it written in stone that no federal civil servant can make as much as a fourth-year associate at a big law firm?
Update A reader who is a career Fed sums it up nicely: “Pay peanuts, get monkeys.”