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This umbilical link between the sectors means Byrne's review of public pay will be meaningless if it has nothing to say about private salary scales.
We are used to the government telling us how people on benefits should behave, but this courtroom scene revealed a government diktat on how someone with a private salary should behave.
Some deferred compensation plans or private salary arrangements probably won't be paid unless they were set up as a qualified plan, says Steve Abramowitz, a partner at Vinson & Elkins in New York.
Five years after Peter Thiel said the simplest predictor of a startup's success is whether a founding CEO pays herself less than $100,000 $125,00000 per year, the typical founder of a company that hasn't yet released its first product earns, according to private salary surveys, nearly $200,000 per year.
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pic.twitter.com/hsAgHnwLob December 12, 2013 The Institute for Fiscal Studies has said that public sector pay is set to fall so sharply in comparison to private salaries over the next few years that employers are likely to find it difficult to recruit and retain high-quality staff.
In a jobs-creating government, these good men would not only forgo their private salaries and urge their former employers to hire or promote someone new to their vacated positions in the private sector, but they might even double-down on their state public service and at least consider taking less money than is owed them for their valuable time.
Private salaries are more than double government ones for physicians, triple for laboratory technicians, and one third higher for midwives.
We define political bargaining power of doctors as proportional to resources collected in a common lobbying fund by doctors out of their public and private salaries.
In fact, private wage and salary income fell in June.
Income levels are low, and moving in the wrong direction: private wage and salary income actually fell in June, the last month for which data was available.
And who is willing to bet that since December 2009, thanks to the recession, the average private sector salary for an office specialist has remained the same or even gone down, while the government version salary has gone up?
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com