I think there IS an apples/oranges comparison. Look at the salaries for PhD Chemists (published by ACS, as well as GS pay scales), private industry looks to be at least 10-20% higher than Govt grades. Google is your friend, albeit a wordy one...<p>And I think people forget that the GS retirement system changed for those hired in 1984 onwards. Before that, they had a pretty sweet system that didn't involve social security - so they could retire, work 10 years and double dip. For newer workers, they paid into and used the social security system from the start, making double dipping much much harder. Sorta sucked.<p>And the raises were terrible - in the mid 80's I saw 3%, 0%, 3% and 2% raises. No bonuses, stock options, etc.<p>So maybe the average private worker is paid less than the average government worker. But I venture to say that the average financial sector worker's doing well above any other-field worker you care to choose. Possibly including part-time bank tellers in with those trader types.