Thread: Government jobs do not create Wealth

At what point will the private sector be unable to fund the metastatic growth of the federal govt?

Government jobs do not create Wealth

By Jim Campbell
Monday, June 7, 2010

Lost on the current administration is the concept that profits employ while taxes destroy. http://www.examiner.com/x-48249-Santa-A ... ?#comments More federal jobs lead to wealth destruction compared with private sector jobs that create wealth.

Can anyone explain the concept better than Glenn Beck?

The government hired 411,000 workers in May for the census. But last month was the peak of hiring for the 10-year count, and it will begin to tail off in June. The loss of those temporary jobs could help keep the unemployment rate high. http://www.bloomberg.com/apps/news?pid= ... gFSI&pos=2

A swell in temporary government hiring for the census drove almost all the job market’s gains last month. This was a huge disappointment to Wall Street and a sign that private employers aren’t yet confident enough in the recovery to start adding workers anytime soon. http://articles.latimes.com/2010/jun/05 ... t-20100605

American businesses added just 41,000 jobs in May, the fewest since January. The government hired 10 times as many for the national census, but those positions will begin to disappear as summer arrives.

At least on paper, the 431,000 total new jobs was the biggest gain in a decade. The unemployment rates dipped to 9.7 percent from 9.9 percent, mainly because hundreds of thousands of people gave up searching for work and were no longer counted.

An economist, William Delbert, from Santa Ana, CA said, “on the surface, the numbers look great, the private sector, however, is not out there creating wealth-producing jobs.â€

Let's not forget that the spike created by the Census employment was bogus but I don't hear/see anybody correcting it or any kind of official investigation.

http://www.nypost.com/p/news/business/t ... 17VmxKKR0O