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Politics : American Presidential Politics and foreign affairs
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To: DuckTapeSunroof who wrote (40021)12/30/2009 8:23:37 PM
From: TimF  Read Replies (1) of 71588
 
And private-sector employment has actually declined — the first decade on record in which that happened.

There actually isn't a huge number of decades on record. Depending on exactly what figures are being counted as on the record we have something like a half dozen to a dozen decades. And beginning and ending at the 0 years is rather arbitrary, I think it likely that other 10 year periods (at least the period to the deepest point of the depression) had private-sector employment losses.

Also while I haven't checked (I'm sure you'll point out if I'm wrong) population growth was probably lower than many of those decades, less population growth, all else being equal, typically means less new private sector jobs. Not that growth was unusually low, but both birth rates and immigration rates where higher during a number of those decades.

Looking at what stands out for the last decade or so its the rapid increase in government spending. Other decades have had more rapid increases but not many, and except for the 30s they where all responses to major wars, while currently we are engaged in war, the war or wars (depending on how you delineate and define them) are small as a portion of our economy or as a percentage of the population.

If you increase government spending and employment that will put downward pressure on private employment.
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