Lies, damned lies, and statistics
Last Friday, the Bureau of Labor Statistics released employment numbers for the month of June.
Many cheered the increase in jobs and see it as a sign of an economy heading in the right direction. But the devil is in the details.
Since December 2016, manufacturing jobs have picked up by 53,000 to 12,396,000 nationwide. In that same period of time, government jobs increased 54,000 up to 22,353,000. In May alone the government worker count rose by 35,000 while manufacturing increased only by 1,000. So at the end of June, the BLS reports government jobs outnumber manufacturing jobs by almost 10 million workers!
Donald Trump ran a campaign based on “draining the swamp.” He promised a smaller, leaner, and more efficient government. Instead, the government is only becoming more bloated at all levels.
Adding tens of thousands of government jobs doesn’t help grow the economy, and is, in fact, a drain, but not the drain we are looking for. These jobs don’t create anything but more bureaucracy and put a greater tax burden on the American people.
When these new government workers are paid, say $60,000 per year, they pay somewhere in the ballpark of $16,000 in federal taxes. That leaves the government running a deficit of $44,000 per employee per year and more often than not, with nothing to show in return. It’s a shell game … a Ponzi scheme … with our money.
Our economy is not driven on the backs of government bureaucrats, but on the backs of the workers in the private sector, whether they be manufacturing, tech, or services.
The swamp just be might be getting bigger and bigger.