The interventionists are seeing to it that they get their cut, while the rest of the nation declines.
WSJ reports:
The income of the typical D.C. household rose 23.3% between 2000 and 2012 to an inflation-adjusted $66,583, according to the Census Bureau’s American Community Survey, its most comprehensive snapshot of America’s demographic, social and economic trends. During this period, median household incomes for the nation as a whole dropped 6.6% — from $55,030 to $51,371[...]
The Washington, D.C. metro area — which includes the surrounding suburbs in Maryland, Virginia and West Virginia — has it even better, with a median household income of $88,233 that ranks highest among the U.S.’s 25 most populous metro areas. Tampa, Florida’s median income, by contrast, is under $45,000.
The public sector in DC has shrunk under Obama.
ReplyDeleteIn Jan 2009, there were 236.4K govt employees in DC. In Aug 2013, there were 232.1K govt employees in DC. During that time, nonfarm payrolls grew from 705K to 729K.
In Jan 2000, there were 223.2K govt employees in DC and 641.2K nonfarm jobs.
http://www.bls.gov/eag/eag.dc.htm
So you think the "private sector" in D.C. is like the private sector in the rest of the country? How naive. It's not gvt worker bees that get the big time crony money, it's the crony lobbyists and government contractors. They control DC and are growing every minute as your data point out.
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