20 January 2009

More Government jobs than Manufacturing?


graph courtesy Contrary Investor, HT: Jawa Report
The Jawas are pointing out that government employment has now surpassed manufacturing and construction sectors.
As they also point out:

What is the government's product? How well is it selling? What tax revenue does government generate (not collect)? What is the profit margin for government, and when will it begin paying for itself? What tangible good or service is the rapidly-growing government producing? Why is there a recession if government is the answer? If government is trying to compete with manufacturing as a big-time employer, then why doesn't it start generating its own income rather than taking it from productive people?

Reagan was right - the tendency for government is to grow into the closest thing to eternal life that we'll ever know on this planet. Are we better off for it? The only time government payrolls noticably decreased for any real length of time was under the Reagan Administration (blips under the others), so this is a systemic problem that crosses party lines (the two lines crossed during Bush's term, highlighting the 'success' of "compassionate conservatism").

3 comments:

Gene said...

So suddenly your not a supporter of Bush?

Anonymous said...

I wasn't aware there were manufacturing jobs in the US. I thought that all went to China ages ago.

Ian said...

Joshua - this holds on the state level as well. SC added 9,400 gov't jobs over the past year. Every other sector except Education/Health services lost jobs.