Comment on Albanese's plan to 'unleash the private sector'
Eyekaytee@aussie.zone 23 hours agoThe government being the biggest job creator is not a good sign for the economy at large
Ai Group analysis of today’s employment data shows that of the 484,000 new jobs created in 2024, only 99,000 were in the private market sector. 80% of job creation was in either the public sector or non-market sectors, both of which depend on government-funding for employment generation.
The government being the biggest job creator is not a good sign for the economy at large
How do you come to that judgement?
What do you count as “the economy at large”? How have you determined what’s good for that?
What connection does your definition of “the economy at large” have to do with life as lived by most people in that economy? If the connection is indirect, how do we determine whether “good for the economy at large” is good for the people in that economy?
naught101@lemmy.world 22 hours ago
Why not?
Eyekaytee@aussie.zone 21 hours ago
It means more burden on tax payer, usually but not always a sign of increased bureaucracy, it’s unsustainable and when it ends it usually means retraction of economy because the business sector has been sluggish and the government is just covering for it
when business is doing well and the government is hiring/spending a lot it means inflation/overheated economy