GOOD

Five Lessons From The World's 10 Biggest Employers

If jobs are the big economic problem, the ten organizations that create the most of them must have something to tell us.



Earlier this week, The Economist published this chart of the world’s largest employers. After all, if jobs are the major hurdle to economic growth, and they are, the organizations that create the most of them must have something to tell us.

1. Governments create jobs. Not just socialist governments, either: The world’s largest employer is the U.S. Department of Defense, which has hired the equivalent of 1 percent of the U.S. population. But the Chinese armed forces and its state utilities, the United Kingdom’s national health service, and India’s railway system are all major employers. That’s not to say that state-run companies are a good idea in every space, but it’s long past time to put to rest the idea that the public sector can’t create jobs, and start thinking of the best way for it to do so.


2. Global is the way to go. Most of these companies succeeded by going global: The Defense Department has franchises all over the world (some of which are more valuable than others). Walmart and McDonald’s have grown because they have outposts around the globe, and Hon Hai Precision Industry (the company that makes everything from iPads to iPods to ... iPhones) succeeds because it manufactures for export around the world.

3. The United States drives the service industry. The two biggest private sector employers are Walmart and McDonalds. The two American companies have succeeded internationally thanks to strong brand recognition, supply chain management and their consumer orientation. No other country has been as successful at creating consumer-facing companies that span the world.

4. But not manufacturing. Hon Hai Precision Industry is the largest production company in the world, and on the list. The company specializes in process innovation, creating some of the most effective and efficient manufacturing in the world. But it’s not so good at taking care of its employees, who are underpaid by U.S. standards and face high-stress working conditions. Forecasters expect the U.S to lose its lead as the globe's top manufacturer this year (after 110 years on top), so figuring out how to bring more production home, especially high-value production, should be part of the economic recovery.

5. Emerging markets are in the lead—and that’s not necessarily a bad sign. Many of the major employers are Chinese and Indian because those countries have the world’s largest populations and, in China’s case, one of the most centralized economies. It makes sense that their state-run utilities would be major employers. Economists expect China to focus more on creating a domestic consumer market, which could result in more fragmentation and competition among the big state-run companies.

Articles
via Gage Skidmore / Flickr

If you are totally ready to move on from Donald Trump, you're not alone. According to a report last April from the Wason Center National Survey of 2020 Voters, "President Trump will be the least popular president to run for reelection in the history of polling."

Yes, you read that right, "history of polling."

Keep Reading Show less
Politics
via Around the NFL / Twitter

After three years on the sidelines, Colin Kapernick will be working out for multiple NFL teams on Saturday, November 16 at the Atlanta Falcons facility.

The former 49er quarterback who inflamed the culture wars by peacefully protesting against social injustice during the national anthem made the announcement on Twitter Tuesday.

Kaepernick is scheduled for a 15-minute on-field workout and an interview that will be recorded and sent to all 32 teams. The Miami Dolphins, Dallas Cowboys, and Detroit Lions are expected to have representatives in attendance.

RELATED: Joe Namath Says Colin Kaepernick And Eric Reid Should Be Playing In The NFL

"We like our quarterback situation right now," Miami head coach, Brian Flores said. "We're going to do our due diligence."

NFL Insider Steve Wyche believes that the workout is the NFL's response to multiple teams inquiring about the 32-year-old quarterback. A league-wide workout would help to mitigate any potential political backlash that any one team may face for making an overture to the controversial figure.

Kapernick is an unrestricted free agent (UFA) so any team could have reached out to him. But it's believed that the interested teams are considering him for next season.

RELATED: Video of an Oakland train employee saving a man's life is so insane, it looks like CGI

Earlier this year, Kaepernick and Carolina Panthers safety Eric Reid reached a financial settlement with the league in a joint collusion complaint. The players alleged that the league conspired to keep them out after they began kneeling during the national anthem in 2016.

Before the 2019 season, Kaepernick posted a video of himself working out on twitter to show he was in great physical condition and ready to play.

Kaepnick took the 49ers to the Super Bowl in 2012 and the NFC Championship game in 2013.

He has the 23rd-highest career passer rating in NFL history, the second-best interception rate, and the ninth-most rushing yards per game of any quarterback ever. In 2016, his career to a sharp dive and he won only of 11 games as a starter.

Culture

In the category of "claims to fame nobody wants," the United States can now add "exporter of white supremacist ideology" to its repertoire. Super.

Russell Travers, acting director of the National Counterterrorism Center, made this claim in a briefing at The Washington Institute in Washington, D.C. "For almost two decades, the United States has pointed abroad at countries who are exporters of extreme Islamist ideology," Travers said. "We are now being seen as the exporter of white supremacist ideology. That's a reality with which we are going to have to deal."

Keep Reading Show less

Between Alexa, Siri, and Google, artificial intelligence is quickly changing us and the way we live. We no longer have to get up to turn on the lights or set the thermostat, we can find the fastest route to work with a click, and, most importantly, tag our friends in pictures. But interacting with the world isn't the only thing AI is making easier – now we can use it save the world, too.

Keep Reading Show less
Good News