Between 1990 and 2008, the number of employed workers in the United States grew from about 122 million to about 149 million. Of the roughly 27 million jobs created during that period, 98 percent were in the so-called nontradable sector of the economy, the sector that produces goods and services that must be consumed domestically. The largest employers in the U.S. nontradable sector were the government (with 22 million jobs in 2008) and the health-care industry (with 16 million jobs in 2008). Together, the two industries created ten million new jobs between 1990 and 2008, or just under 40 percent of total additions.-- Michael Spence, "The Impact of Globalization on Income and Employment," Foreign Affairs, July/August 2011, p.30 (emphasis added).
Saturday, July 30, 2011
Government has been a job-creator (even if the GOP may not know it)
"No taxes on job-creators" (meaning owners of small and large businesses and anyone making over a certain amount of money, say a quarter-million a year) has been a mantra of some Republican participants in the debt/deficit debate. In view of that, the following may be of interest inasmuch as it shows that government, supposedly the root of all evil, has been a major job-creator.