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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.
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I guess what amazes me most is that Hon Hai can be secretive with that many employees. They must be loyal employees.
ReplyDeleteThis entry is ver interesting. I like it. I get paid from the Defense Dept I guess.
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...
ReplyDeleteit scares me that one of the world's worst employers is also the second largest employer....
ReplyDeletexxalainaxx
Very interesting. Kind of scary too.
ReplyDeleteThis is scary!
ReplyDeleteTells you much about were humanity's priorities are.
ReplyDeleteEach one is evil in its own special way...
ReplyDeleteBut didn't Rick Perry claim that government spending produced 'zero jobs'.....?
ReplyDeleteThat is rather amazing.
ReplyDelete