Skip to comments.CHART OF THE DAY: Guess Which Country Has The Highest Percentage Of Workers Employed By Gov't
Posted on 11/28/2011 9:07:40 AM PST by SeekAndFind
With all the talk these days all around the world of fiscal consolidation, it may interest you to know that the US still has an extremely small percentage of its workers employed by the public sector, at least compared to Europe.
According to Citi's Tobias Levkovich, the answer is China, where nearly 50% of workers are somehow in the government sector. Granted, this could include state-owned-enterprises, which remain a large chunk of the Chinese economy, but either way it does confirm that for Chinese employment to remain solid, Beijing will have to keep its foot on the gas pedal for awhile.
(Excerpt) Read more at businessinsider.com ...
The article doesn’t indicate if this includes state and local governments. Nor does it reflect the percentage of the economy controlled by the government. For example, we have 54 million on SS, 60 million in Medicaid, 47 million on Medicare, and 46 million on food stamps. Although not considered on the public payroll, what about those federal contractors and industries in such areas as defense? The US economy is very dependent upon crony capitalism and the welfare state, directly and indirectly.
You know it’s bad when even the law firms are government owned/run (at least until recently?). CCPIT - China’s largest patent law firm - is one such firm I deal with regularly.
The US will have to hire an additional 100,000 people to be “lightbulb cops” starting Jan. 1st.
Chart makes me want to move to Japan.....
They can use farmers I hear....
Bring your own potassium Iodine....
[ The US will have to hire an additional 100,000 people to be lightbulb cops starting Jan. 1st. ]
I wanna be a “Lightbulb Cop” I wanna be a BAD LIGHTBULB COP!!!!
If I am inspecting a conservative family’s residence, I will look the other way, if it is a liberal family and the incadescent bult has the printing worn off I will treat it as a 100W bulb and fine them to the fullest extent!!!!!
Give them back a little bit of their “selective enforcement”
In the linked article, don't believe that China is going bankrupt. They are stealing our manufacturing ability, saving all of their profits to reinvest in U.S. Debt or buy more of our companies and in the end manufacturing ability and know how is what will matter.