On Monday the Economist published a graphic showing the world’s ten biggest employers, with the United States’ Department of Defense at the top. The private sector has been slow to generate jobs and government spending cuts have made job creation in that sector equally sluggish.
Governments employ a lot of people, and seven of the ten biggest global employers on the chart are government-run. China, also a big defense spender, employs approximately 2.3 million people in its military.
With defense cuts looming, maybe it’s time to consider another option, like Obama’s "Georgia Works" plan, the administration’s unconventional solution to long-term unemployment.
Courtesy of the Economist
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