Posted on 02/25/2025 10:07:38 AM PST by DallasBiff
Elon Musk, wielding a chainsaw, is overseeing a rapid shrinking of the nation’s largest employer: the federal government.
There’s no doubt the federal government’s 3.02 million-person civilian workforce is massive. Yet some economists are confident the widespread terminations spearheaded by Musk’s Department of Government Efficiency (DOGE) will likely not devastate the national economy or even topple the historically strong jobs market.
“It’s not going to tip the economy into recession by itself,” said Stephanie Roth, chief economist at Wolfe Research.
That’s in part because the federal layoffs are expected to affect a small fraction of the much larger US labor force. The federal civilian workforce, which excludes military personnel and employees of the CIA and other military agencies, represents less than 2% of the total civilian labor force of 170.7 million.
Still, the mass layoffs in the public sector threaten to upend the livelihoods of federal workers and their families, as well as destabilize a traditionally stable economic engine within many communities.
“These are real people. It’s a real hit. This is not something we should be celebrating,” said Joe Brusuelas, chief economist at RSM.
(Excerpt) Read more at cnn.com ...
Huh, what do these government employee communities produce that is beneficial? Nothing.
Starbucks will have a waiting line for baristas
“Elon Musk, wielding a chainsaw“
This is CNN.
I don’t recall the media shedding any tears when large sectors of the economy - mainly small businesses - were completely shut down during Covid, nor do I recall them shedding any tears for the thousands who lost their jobs for refusing the risky Covid shots.
No bias at all in half of the reporter duo here.
Biden’s economic legacy: Historic wage gains, investment and job growth but marred by inflation
By Alicia Wallace,
https://www.cnn.com/2025/01/19/economy/us-biden-economic-legacy/index.html
—
President Joe Biden will leave the White House with a strong economy, historic gains in the job market, a foundation for future manufacturing growth, and having brought down decades-high inflation without triggering a recession.
Those feats, economists say, are even more impressive considering the nation was deep in the throes of a deadly, economy-scarring pandemic when Biden took office.
His legacy will also include higher national debt, a wider trade deficit and steeper costs for housing, health care, higher education and child care.
Learn to do oil rig work. The pay is phenomenal. It’s a product that has value. I hear the agricultural workforce has plenty of new employment opportunities. A bad day picking produce does more for our country than a good day behind the desk of a bureaucrat.
If you read the article, or at least the excerpt posted, it’s positive. Despite the doomsayers the experts say this won’t effect the economy negativity
Affected? Northern Virginia in particular, one would assume. My DILLIGAF? gauge hasn’t budged.
did CNN care about the XL pipeline workers?
The Keystone Pipeline needs ditch diggers too.
EC
They gut the Democrat graft and corruption money machine that they use to buy power and get rid of the parasites and bad actors without cutting programs that are impacting the daily lives of mainstream Americans.
It really is a brilliant plan perfectly executed.
Of course it wont make a dent in the economy Trump and Musk are cleaning house, Im for firing ALL of them and starting from scratch, they can get jobs in the private sector..during Covid, NO govt worker worked and guess what, inflation was 1.3 percent when Trump left office even with all that
The overall result of less govt workers is a plus, not a minus. They will find work in the private sector where they will actually help produce things we need rather than “reports” that produce nothing.
Scale back the oversized bureaucracy - damned if you do, damned if you don’t.
If the end result is lower taxes, it will not hurt the national economy.
Talked to a couple of guys the other night who work in the oil fields. Using their extra pay they’ve bought 22,000 acres of cheap land on the Texas/New Mexico border where they run cattle. They talk like hicks but they know what they are doing. They need a lot of land per cow out there but the land is cheap.
cnn? Nobody saw the news.
Less gov’t is a leading indicator of more prosperity.
The losses would be swallowed up by the huge economic gains. The unemployed gov’t workers would have an abundance of new career/job opportunities from which to choose.
Economic boon often involves change and a certain amount of upheaval, but the result is betterment for the vast majority.
So, CNN, mass layoffs of federal workers are of your concern, but not all those oil workers, pipeline workers, coal workers...you know, the folks that we actually respect who do real work and provide value to us? Now, let’s talk about media sewer-dwellers who we don’t give a shi...er...Obama about?
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