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Joe Biden Gives Federal Bureaucrats Biggest Pay Hike in Four Decades

via NBC
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President Joe Biden signed an order giving federal bureaucrats the largest pay hike in four decades, with close to 2.2 million federal bureaucrats receiving pay increases averaging 5.2 percent.

The U.S. military will also receive a similar increase in the National Defense Authorization Act.

The Biden administration’s support for unions representing federal workers and continued telework policies has been noted, along with efforts to prevent a policy ordered by former president Donald Trump. (Trending: Trump Releases Must-See TV Ad Ahead of 2024)

According to The Washington Post, “The generous raise is likely to continue the partnership that the Biden White House has forged with the unions representing federal workers. The administration has supported continued telework policies across most of the government that accelerated during the coronavirus pandemic, and hiring has intensified at many agencies.”

While federal bureaucrats will receive the pay hike, private citizens are expected to receive an average salary increase of 4 percent for 2024.

The labor market remains tight, requiring competitive merit increases to retain good workers.

CBS News reported, “First, although inflation is no longer through the roof, Americans continue to grapple with higher costs for groceries, rent, health care and other staples. The typical American household must spend an additional $11,434 annually just to maintain their standard of living compared with three years ago, just before inflation soared to 40-year highs, according to a recent analysis of government data from Republican members of the U.S. Senate Joint Economic Committee.”

Tom McMullen, a senior client partner with Korn Ferry, said, “While inflation is much less than it was a year ago, there is still pressure on wages.”

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