Wednesday, January 6, 2010

Goods Producing Jobs Vs Government Jobs

Wish I had known that Goverment jobs exceeded Goods producing jobs in late-2007. Would have dramatically changed my outlook on the Long Term viability of GDP growth and the US economy. Since then it has exploded to a 4 million discrepancy.



The Goods Producing category currently includes less than a million workers in mining and logging, about 6 million in construction, and 11.7 million in manufacturing.

The Government category includes 2.8 million federal employees and almost 20 million state and local workers, just over half of whom work in education.

I don't know whether to laugh or cry.

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