Public vs. Private Compensation: No Competition

One important reason the public sector has a hard time recruiting the best and brightest – via Economic Policy Institute:

When looking at total compensation including employer-provided benefits, this gap narrowed but the private sector workers still earned $2,001 more per year than public sector workers ($71,109 in total compensation, versus $69,108). This gap was especially large among more educated workers. College-educated workers on averages earned $22,966 less in total compensation.