The Private Sector Is Hiring. So Why is the Job Market So Bad?
To read news article please click on "The Private Sector" above.
One of the biggest obstacles to job growth may actually surprise most Americans: as fast as the private sector is creating jobs, the government is shedding them. And the cuts are far from over.
Despite all the gloom and doom about the US economy, the private sector actually created 620,000 jobs over the past seven months, far faster than in the previous two recessions. end quote.
This article demonstrates why what is happening is confusing to most people. So, the private sector is recovering but to stay solvent our government is now forced to lay off people in droves from government positions. This is what is creating the paradox (in regard to just how jobs are perceived within the U.S).
So, in the long run all the government layoffs (should) increase the productivity of the nation because all those jobs won't have to be paid for by taxes which should (in theory) free up capital to increase the economy through capitalism. The people who will gain are most people in the U.S. in the long run. The people who will lose out will be the poor, the infirm, public school teachers, police, firemen and other government employees at the federal, state and local level. So, in general the society will have many less local protective services like police and firemen and many less public school teachers and other governmental employees. However, the emergency bill just passed by the house and Senate is supposed to rehire 300,000 police, firemen and public school teachers nationwide (at least for a year or more).
To the best of my ability I write about my experience of the Universe Past, Present and Future
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