The strong emphasis in this morning’s jobs reports is on how the data indicate that job losses are mostly from governments letting people go – state and local governments mostly, governments that are forbidden to use the printing press. One also detects a hint that we shouldn’t worry about a bad jobs report because it is just bureaucrats being fired. However, the point is that the previous government hires were entirely artificial, contrary to the previous celebration that these government jobs were a source of economic growth. Also see this Gallup report.
Source link: http://archive.mises.org/14183/governments-without-central-banks-fire-workers/
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In the UK they are having to make £80 billion worth of cuts, what are all these bureaucrats going to do for work, when the government is no longer employing people to oversee other departments that are overseeing a department that monitors the inconsistencies in oversight within government departments.
They could borrow some money to create a department “to oversee other departments that are overseeing a department that monitors the inconsistencies in oversight within government departments.”
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http://buyworkerscomp.org/
Almost every business in the United States that has employees has to handle the problem of workers’ compensation. Most states (with a few important exceptions) essentially require employers to purchase an insurance policy to handle their statutory obligations to workers who are injured or made ill due to a workplace exposure. Whether your business is small or large, handling the expense and effort of meeting those statutory obligations is an ever-present challenge.
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