CARPE DIEM: Interesting Charts of the Day
"As the chart shows, there has been a general downward trend in government employees as a percent of total payrolls since the mid-1970s, from more than 19% in 1975 to below 16% by 1998, with a slight reversal of the trend since 2000.
As much as we hear about the growth in government, it seems like the jobs data tell a different story. Comment welcome.
One explanation for the top chart is that there have been so many productivity gains in manufacturing that we can produce increasingly higher levels of output over time with fewer and fewer manufacturing workers?"
VERY interesting charts.
This site is a MUST every day.
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