Top 50 Employers Data Concerning

By Shawn Barlow

If you want to continue to worry about the US economy, look no farther than the latest list of “The Top 50 Employers” in the United States.  The first glaring concern is the stunning lack of “value added” companies, such as are in manufacturing and resources, and the predominance of “non-value added” companies such as are in retail and finance.

The US simply doesn’t make anything of value anymore (as compared to prior generations) and the economy is now based on “services” that simply skim charges and fees off of transactions.  It doesn’t take a brain surgeon to recognise that the economy historically has been based on the production of goods and “value added”, and that foundation has eroded like the casing of a BP oil well.

What happens when an industrial economy evolves into a so-called “service economy”?  The theorists seem to think it’s a logical transition, but those same theorists think that a Fractional Reserve Banking system is sustainable and reasonable, and have facilitated the disaster which is today’s world economy.

Tick.. Tick…

Top 10 Employers

Sector

% of Top 50

% of Top 10

Retail

28.5%

66.1%

Manufact

5.9%

13.7%

Service

3.5%

8.2%

Tech

2.8%

6.6%

Finance

2.6%

6.1%

 

Company

Employees

Sector

% of Top 50

% of Top 10

1. Wal-Mart

1,800,000

Retail

15.6%

36.2%

2. McDonald’s 

447,000

Retail

3.9%

9.0%

3. United Parcel Service

407,000

Service

3.5%

8.2%

4. Sears Holdings

355,000

Retail

3.1%

7.1%

5. Home Depot

345,000

Retail

3.0%

6.9%

6. Target

337,000

Retail

2.9%

6.8%

7. IBM

329,373

Tech

2.9%

6.6%

8. General Motors

327,000

Manufact

2.8%

6.6%

9. General Electric

316,000

Manufact

2.7%

6.4%

10. Citigroup

303,000

Finance

2.6%

6.1%

 

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