Just 24% of American Adults believe the job market is better than a year ago, 44% think the job market is worse, up 15 points from June. This is likely due to the more specialized nature of public sector jobs vs private sector jobs, but I also like to attribute it to our overall motivation and passion! The opinions of Financial Sense® contributors do not necessarily reflect those of Financial Sense, staff, or parent company, Financial Sense® Wealth Management. Timing is very problematic. The third unfortunate fact is demographics are no longer favorable. In my experience, Government jobs are dead end jobs for a few reasons. Registered Representatives associated with this site may only discuss or transact securities business with residents of states they are registered in. Spending on a … The private sector offers no job security but still, candidates often opt for private sector employment because of their fast-paced and modern recruitment procedures. This probably dates me, but I remember the (largely unsolicited) advice I got as I was entering the workforce. They want the government to step up spending and hire more workers to make up for the loss of jobs in the private sector.
There are too few jobs, too much student debt, and too few workers supporting too many retirees on Social Security. That gave us 426 occupations for which employment opportunities exist in both the federal government and the private, for-profit sector. Entry of women in the workforce allowed much higher household debt levels than ever before. Percentage Job Growth vs. Population Growth 1. Public sector employees are 18.4% more likely to have an advanced degree than our private sector counterparts. James J. Puplava, CFP®, CTS™, CIS, CES, CFS, AIF®, Demographic Time Bomb in Pictures and Dollar Amounts; Ratio of Social Security Beneficiaries to Private Employment Now Exceeds 50%. The government has fewer measures of progress or success than the private sector, although that is changing as a result of the Government Performance Reform Act requirements. Stability: Unlike the private sector where companies can go out of business, the government never goes out of business. It is a myth that private jobs pay more than government jobs.
The culmination will be a currency crisis at some point down the road. The second unfortunate fact is we cannot afford and do not need all of the existing government jobs. They want the government to step up spending and hire more workers to make up for the loss of jobs in the private sector. There are no more female workers to add to the pool.
Please inquire if the Registered Representative is registered in your state. Medicare and Social Security problems must be addressed as well. Note how the percentage growth of men in the labor force closely tracks population growth the percentage growth of women in the workforce has skyrocketed.
Those unfortunate facts happen to be highly deflationary. How long the market lets these can-kicking exercises continue is anyone's guess, but the longer this goes on, the more pain there will be. Japan proves debt-to-GDP ratios may go on much further than anyone thinks possible.
Spending on a … The unfortunate fact of the matter is everyone needs to work to pay off accumulated debts and meet living expenses, but the jobs are not there. But there is a definite impression that government employees, especially those who primarily review, are ill equipped to move back into what most consider to be the more demanding private sector. All rights reserved.
Many private sector employees can be let go for any reason, or for no reason at all.
The government has fewer measures of progress or success than the private sector, although that is changing as a result of the Government Performance Reform Act requirements. With rapid digitization in the Government sector paired with stability or longevity, you will often find yourself in a tussle between Government Jobs vs Private Jobs.Many of you must have thought if government jobs are better than Private Jobs, at some point of time. The benefits are generally hard to beat, so there's little incentive to leave. Finally, we took the result and ranked the professions where the average salary of a private, for-profit sector employee was the highest compared to a government employee . Brokerage services offered through Financial Sense® Securities, Inc., Member FINRA/SIPC. ... and the local government workforce is nearly 8 percent higher, despite cutbacks in the past few years. The reality is that government jobs have quite competitive entry-level salaries. Have a look at various advantages of working in a private sector. Here is a chart from reader Tim Wallace that will help put the recent loss of government jobs in a better perspective. 1.
This has never happened in US history. 1. The pay commission revisions, especially the last two (6 th and 7 th), have also managed to elevate public sector salaries to well within the status of lucrative private sector salaries. Just 27% think the country is heading in the right direction. Everyone male or female is working (or is looking for work) whether they really want to or not. Ability of households to take on more debt has peaked. Agencies or offices may close or morph into new forms, but there will always be government jobs. Financial Sense® Wealth ManagementPO Box 503147San Diego, CA 92150-3147USA, 888.486.3939grow[at]financialsense[dot]com. Indeed, there are too few jobs, too much student debt, and too few workers supporting too many retirees on Social Security. I happen to agree with the majority who think those now graduating from high school will not be better off than their parents.
Republicans refuse to address the income side of the balance sheet, and Democrats refuse to address the spending side. Employees will always be needed to complete the tasks only government does, and additional employees will always be needed to support them. I'll tell you what. The only difference is the lifestyle. Upcoming generations are highly likely to see a drop in standard of living vs. the baby boomers. The tug of war between the government and private sector in a young mind is something that cannot be won due to various differences in both the sectors. Neither party is willing to tackle military spending. Private Jobs. For a graphical representation of point number three above, please see Demographic Time Bomb in Pictures and Dollar Amounts; Ratio of Social Security Beneficiaries to Private Employment Now Exceeds 50%. Both firms doing business as Financial Sense® Wealth Management. Copyright © 1997-2020, Financial Sense®.
Here is a chart from reader Tim Wallace that will help put the recent loss of government jobs in a better perspective. Private Jobs. Financial Sense® Securities, Inc. 2) …. Just 14% expect today’s children to be better off than their parents, Just 31% believe the U.S. economy will be stronger in one year. Private vs. Public Employment By Nicole Gelinas. The growth in government jobs is not sustainable nor is there any genuine excuse for it other than political pandering and vote-buying operations. I feel, A 40K Government Job is always better than a 70K private Job UNLESS the private job is Your PASSION. Public worker pension promises have been made that cannot possibly be delivered. You are not going to be RICH in either of them. Women actually overtook men in the work force way back in 1990. The difference between government jobs vs. private jobs is crucial Find out Pros and Cons of working for state government Federal job benefits Benefits of private employment Choose is it better to work for state or federal government With rapid digitization in the Government sector paired with stability or longevity, you will often find yourself in a tussle between Government Jobs vs Private Jobs.Many of you must have thought if government jobs are better than Private Jobs, at some point of time.
The private sector offers no job security but still, candidates often opt for private sector employment because of their fast-paced and modern recruitment procedures. I was told to look for a secure job like one with the phone company, the gas company, the electric company, or the government. Keynesian clowns are concerned about the decline in government jobs in the past few years.
The deviance between private bobs and population growth is easily explained by the entry of women in the workforce. As I look out on the political landscape, I see little hope that either Republicans or Democrats will address these problems. Advisory services offered through Financial Sense® Advisors, a registered investment adviser. Military spending must come down or it will destroy us. Have a look at various advantages of working in a private sector. The US simply cannot afford to be world's policeman. So, ANY JOB is just a means of LIVELIHOOD.
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