Oct 1, 2011

Who are the world's biggest employers?

ONE of the biggest headaches for policymakers in many rich countries has been how to create jobs during a period of fiscal austerity and anemic growth. The private sector has been slow to generate jobs, and government-spending cuts usually end up cutting jobs. And governments employ a lot of people: in our chart of the ten biggest global employers, below, seven are government-run. America's defense department had 3.2m people on its payroll last year, equivalent to 1% of the country's population. China, the world's most populous nation and a big military spender, employs 2.3m people in its armed forces. And the number of people working for the National Health Service in England is equivalent to over 2.5% of the country's population. The three private companies are Walmart, McDonald's and Taiwan's Hon Hai Precision Industry Company, a subsidiary of which is Foxconn, a secretive electronics manufacturer.


Source


9 comments:

  1. I guess what amazes me most is that Hon Hai can be secretive with that many employees. They must be loyal employees.

    This entry is ver interesting. I like it. I get paid from the Defense Dept I guess.

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  2. If the rich was not so intent on squeezing production and hoarding wealth, the possibility of more real growth in competition would eventually balance out the numbers and reduce government employment...

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  3. it scares me that one of the world's worst employers is also the second largest employer....

    xxalainaxx

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  4. Very interesting. Kind of scary too.

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  5. Tells you much about were humanity's priorities are.

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  6. Each one is evil in its own special way...

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  7. But didn't Rick Perry claim that government spending produced 'zero jobs'.....?

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