Tuesday, May 25, 2010

What do you think it means that 22% of US labor force is employed guarding stuff? (according to the WSJ today)

They have the US as the second highest % workforce dedicated to guarding (after Greece) out of 18 economies.

The Wall Street Journal is referring to these economists' article:
http://www.bepress.com/cgi/viewcontent.c...
Answers:
We have lost, a lot it means we are a service industry. We don't make anything any more. We buy what ever we need from china.Shame on Us
We have a lot of stuff.
It means that out of every 100 people in the US that has a job, 22 of them spend at least part of their time on the job guarding something, whether it be physical goods or information.
You don't need an education for that.

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