What are federal jobs like versus private sector?

Who can do a better job of creating more wealth (jobs/profits), the federal gov or private sector?

  • Isn't that what Nov is all about? Thoughts?

  • Answer:

    You could argue that the Federal Government does not create wealth, all it can do it take tax money from some people and give it to others. But in fact, the government does on occasion create some wealth. When bridges are built, or GPS satellites are put into orbit, our lives are made a bit better. However, the private sector is much more efficient at generating wealth - mainly due to competition. The government enjoys a monopoly, a virtually unlimited amount of money, and no risk of being put out of business any time soon. Politicians can spend billions of dollars of other people's money without the diligence they would take if they were spending their own. The government is free to spend money without regard for demand. On the other hand, companies in the private sector must be innovative, efficient, and flexible, or they will be out of business. They must deliver products that people want if they're to survive.

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The private sector, without doubt. Stop these free trade agreements, go back to collecting tariffs, limit the power of unions so a company can compete with other nations imports and still make a profit. Now I don't mean to go back to 12-1/2 cents an hour, or a dollar a day either, Imean to be reasonable in demands and expectations of the employer. The employer should have the right to get rid of dead wood, without seniority clauses, and reward good work when shown, and lay off or fire the poorest workers when work slows down. We can all see the results of anything controlled by feds, it all end in a large debt and worthless.

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Government only consumes. When government creates a job the standard is lowered for everyone, until eventually we're all down here.

gcbtrading

always the private.

I'd have to say private since 0bama has done nothing but spend with out progress.

RJC

Depends on the situation of the country involved, along with other factors like availability of domestic resources. Japan's economy is strong, but they have essentially no resources. Gabon has the opposite situation. Personally, I believe the federal government is more efficient because there is no profit motive, but there does have to be some balance with the private sector.

KnoFear

From an Economist's (macro-economics) point of view, the word "wealth" is not "job/profits". Wealth is usually defined as "the abundance of valuable resources and material possessions". From a business or micro-economic point of view the phrase "company value" is often used...which includes: the value of plant/buildings and equipment, cash deposits, and inventory. With that in mind, the "wealth" of the U.S. Government is basically unknown because it would include all the government owned land and the known and unknown resources on and under that land. Who can do a better job of creating jobs and profits? U.S. History has shown that the private sector has created more jobs and more profits than the government. The case can be made, that even government jobs are essentially created by the private sector because the private sector created the government (We the People...) and the private sector pays for the salaries of all government employees through taxation....that is, the government forcibly takes money from some citizens and gives the money to others freely, and it gives money in the form of salaries for the work they do in the employment of the government, and monetary compensation to private corporations that have contracted work to the government. Let us not forget that "income" and "profits" are not the same thing. "Income"; or in the business world "gross revenue", is the total amount of value (usually money/cash) collected from the work (services) performed and/or the products sold. "Profit", is the money left over from income after all necessary expenses are paid, including and especially salaries of people employed. People; that is individuals, pay income taxes on their income (gross revenue). Corporations pay income taxes on their profits. Interesting that the US Supreme Court recently made a decision that allowed corporations to freely contribute to political campaigns because the a corporation is essentially a person, and a person has freedom of speech. And yet, that same corporate "person" still only pays income taxes on its profits and not on its income (gross revenue). It would be nice if the REAL people were treated as fairly and paid income tax on our profits...you know...after the electricity is paid, after the rent or mortgage is paid, after our food costs (to keep us working) are paid, etc. Also remember that when politicians say that they are going to raise taxes on corporations, that the people that buy their goods and services will most likely see a rise in prices for those goods and services...that is if the corporations want to keep their stock and bond holders happy by continuing to provide the same amount of dividends per share and increasing stock prices. In other words, when taxes go up the poor and the middle class pay for it one way or another.

Dirk Potters

Private sector. Government doesn't create jobs.

Liz

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