Sunday, January 17, 2010

Government employs 4 million more than “production of goods”.

“According to the BLS, at the end of '09 4 million more Americans were employed by government than were employed in the production of goods.”

This statement was tweeted out by GOPwhip, Rep Eric Cantor, last week and it peak my curiosity to the point I had to check into it further. Have you been to the Bureau of Labor Statics website? This was not an easy task. However, I did find Table B-1 “Employees on nonfarm payrolls by industry sector and selected industry detail"….. whew. If you go to the third line “goods-producing” and last column “Dec. 2009p” and compare to (all the way at the bottom) Government, same column, there is approx a 4 million difference.

So why does this matter? Well it is evidence that government is becoming bigger and the private sector is not. The problem with this, and what the big government liberal don’t seem to get, is the private sector tax dollars are what support government employees. When the private sector is not growing the tax base is not growing. I wanted to call your attention to this statics, to help get the word out, because a lot of people DON'T get it. As evidenced from the video below from the Roanoke Tea Party.



The main point is to be aware of statics like this, even though there is much more to this than I described, you don’t need to be an economist to understand that “production of goods” means jobs.

No comments:

Post a Comment