Several studies have shown that public-sector workers receive higher compensation than their counterparts in the private sector. Although, federal contractors have some of the advantages of private sector workers, in that poor performers can be dismissed and the composition of the contractor workforce altered, it is possible that they are overcompensated just as federal employees are right now.

Alan Krueger, recently named by President Obama to be the new chair of the Council of Economic Advisors, is perhaps best known for his claim that raising minimum wage will not reduce employment. But Krueger has had a long, varied career as a labor economist--and a history that should be especially interesting to budget cutters.

Reports that undercount public-sector pension benefits, omit retiree health coverage and ignore job security do not accurately represent public-sector compensation.

Many government employees are paid up to 30 percent more than those in the private sector.

The Office of Personal Management and union officials implausibly claim that federal employees are paid just 78 cents on the dollar compared to private sector employees, but average compensation may actually be $14,000 above private sector compensation.

Who will lose now that Google has entered China: the government or the people?

Requirements to test new drugs against older medicines would add a major hurdle to the development and approval of new medicines. Equally important, the proposed mandates are unnecessary.

Discussions of corporate governance today too often neglect important developments in how principals and agents interact.