Elon Musk has stated that he aims to cut federal spending by 30%, a significant reduction, while Vivek Ramaswamy suggests drastic measures including firing half of the federal workforce.
The U.S. federal civilian workforce, currently about 2.3 million strong, has seen a 7% increase since 2019 as new hires responded to infrastructure projects from the 2022 package.
Interestingly, the size of the federal workforce has stabilized at about 0.6% of the U.S. population since 2010, which is notably less than historical figures from the mid-20th century.
A key demographic insight about federal workers reveals that 42.5% are over the age of 50 and over half, or 54%, possess a bachelor's degree or higher.
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