By The Numbers

Not that it'll matter one little bit, but hey - I'm in full Quixote mode, so fut da wuk.

The success of Costco, Trader Joe’s, QuikTrip and Mercadona, Spain’s biggest supermarket chain, indicate, [business professor Zeynep Ton] argues, that well-paid, knowledgeable workers are not an indulgence often found in luxury boutiques with their high markups. At each of the aforementioned companies, workers are paid more than at their competitors; they are also amply staffed per shift. More employees can ask customers questions about what they want to see more of and what they don’t like, and then they are empowered to change displays or order different stock to appeal to local tastes. (In big chains, these sorts of decisions are typically made in headquarters with little or no line-staff input.) Costco pays its workers about $21 an hour; Walmart is just about $13. Yet Costco’s stock performance has thoroughly walloped Walmart’s for a decade.

Employment Fantasies

From The Economic Populist:

There is no skills shortage, none. In fact employers are being absolutely ridiculous in their hiring practices. It's so bad, employers use software and third party rejection job application websites, which pretty much guarantee a candidate will be rejected. These websites and software are like virtual wastebaskets for your resume. No human involved, it's automatic, guaranteed rejection. It's so bad, an HR executive applied for his own job and was rejected.

If you think American Business Leaders (and their Coin-Operated Politicians) are really worried about unemployment, think again.  Labor is a market just like any other market. When the supply of laborers exceeds the demand for laborers, then employers can push down on the cost of labor while raising their expectations of any candidate's qualifications, which is exactly what we're seeing.

Unemployment only becomes a problem when we can no longer be bought off or distracted or intimidated.  In the meantime, getting dirt-cheap labor because you've got  400 applications for every open slot is a very good problem to have.

Employment etc

According to the U.S. Bureau of Labor Statistics, government accounts for about 8% of jobs in the United States. Here's the breakdown using numbers easily accessible on the BLS website (all numbers from 2006 or 2007):

1,774,000 Federal government civilian employees, excluding Post Office
615,000 Post Office
1,172,913 Military enlisted
230,577 Military Officers
2,424,000 State government (excluding education and hospitals)
5,594,000 Local government (excluding education and hospitals)
That's a total of 11,810,490 government jobs.

The total number of jobs in the U.S. in 2006 was 150,600,000, so government employment makes up 7.84% of all jobs.

In 2007, the U.S. population (according to the Census Bureau) was 301,621,157, so about 4% of Americans are employed by the government.
According to a study by Paul C. Light, a government professor at New York University, the Federal Government also employed 14.6 million contractors in 2006. This was an increase of 2.5 million since 2002, and the study attributes the increase directly to contractors hired as part of the war on terror. (reported in the Washington Post)

So the logical next step is to see what the numbers are for other countries.  If I ever get that together, I'll let ya now.

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