Home > economics > The Law of Economics: As of 2008 More Work for the State than in Industry

The Law of Economics: As of 2008 More Work for the State than in Industry

In 2008 the United States registered a milestone that was little discussed nor acclaimed by the Bush, or incoming Obama, administration. In that year, for the first time in the data series we have access to, going back to 1939, more folks worked for the government than in the goods-producing sector of the economy. The chart below is compiled based on data provided by the Bureau of Labor Statistics.

Source, BLS data series id: CEU0600000001 and CEU9000000001

There is reason to believe our finding is actually understating the problem here. If you think about it, the fascist state is not just the largest single employer in the United States, it is also the largest single customer for the output of industry.

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Categories: economics
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