Help Wanted, No Private Sector Experience Required
By Nick Schulz
November 25, 2009, 8:19 am
A friend sends along the following chart from a J.P. Morgan research report. It examines the prior private sector experience of the cabinet officials since 1900 that one might expect a president to turn to in seeking advice about helping the economy. It includes secretaries of State, Commerce, Treasury, Agriculture, Interior, Labor, Transportation, Energy, and Housing & Urban Development, and excludes Postmaster General, Navy, War, Health, Education & Welfare, Veterans Affairs, and Homeland Securityâ432 cabinet members in all.
When one considers that public sector employment has ranged since the 1950s at between 15 percent and 19 percent of the population, the makeup of the current cabinetâover 90 percent of its prior experience was in the public sectorâis remarkable.
These are the guys we expect to get us out of this mess, we are screwed, less than 10% have any experience apart from the public sector, if you cant run a business how can you run a country.
By Nick Schulz
November 25, 2009, 8:19 am
A friend sends along the following chart from a J.P. Morgan research report. It examines the prior private sector experience of the cabinet officials since 1900 that one might expect a president to turn to in seeking advice about helping the economy. It includes secretaries of State, Commerce, Treasury, Agriculture, Interior, Labor, Transportation, Energy, and Housing & Urban Development, and excludes Postmaster General, Navy, War, Health, Education & Welfare, Veterans Affairs, and Homeland Securityâ432 cabinet members in all.
When one considers that public sector employment has ranged since the 1950s at between 15 percent and 19 percent of the population, the makeup of the current cabinetâover 90 percent of its prior experience was in the public sectorâis remarkable.
These are the guys we expect to get us out of this mess, we are screwed, less than 10% have any experience apart from the public sector, if you cant run a business how can you run a country.
