By comparison, a Union private earned about 43 cents a day, plus rations and clothing.
Wages at Con Edison appear to be healthy for workers without college diplomas, with a general utility worker, the equivalent of an Army private, earning $15.20 an hour to start and topping out at $25.35, which translates into about $52,000 a year for a full-time worker.
Regulation of energy firms faces the complex problem of balancing private (earning a fair rate of return on investment) and public (assure safe and reliable supply of energy at the lowest possible costs) goals.
Despite a possible reduction in rank, SASR operators receive significant allowances, which make them among the highest-paid soldiers in the Australian Defence Force, with a trooper (equivalent to a private) earning about $100,000 per annum.
He was put to work as a company clerk, and as a private earned $15 a month, which was paid in gold until it became scarce, and was then paid in silver.
"Every single pound of public money started as private earning," he intoned.
To echo the IFS, there is no sense in which "every pound of public money is private earning": private earning becomes as high as it is only because of public investment.
Building on what seems an uncontestable and homespun truth, he made the moral claim that because "every single pound of public money is private earning… what is morally wrong is [a] government spending money like it grows on trees".
Usually a consultant who works in private practice earns more when on the staff of a medical school.
What the income of a private individual is, from a private company, earned in legal ways, is not our business at all, but only the shareholders'.
