Strongest job market is in DC, do they create value?
Posted by Martin Harshberger on Wed, Jul 14, 2010 @ 12:15 PM
According to Bloomberg Businessweek this morning Washington DC is the nation's strongest job market. Read the whole article at this link.
http://www.businessweek.com/lifestyle/content/jul2010/bw20100713_490598.htm
The question is, many if not most of the jobs in the DC area appear to be providing services to the ever increasing federal government.
That means those are jobs that will be funded by taxpayer dollars being funneled to private companies and ultimately to their employees.
While people getting jobs is certainly good news, the question remains where is the value that is created? If job growth is funded ultimately by the taxpayer, and the economic rebound is keyed on consumer spending, much of it from the same taxpayer, how does that work in the grand scheme?
Government and the economy would be better served by investing in small business and driving real growth than continuing the strategy they seem to be on.
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