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.