Making Money Minute with Ron Hiebert - Public Sector Advantages
In the last decade, the public sector is where the biggest job growth has been. Government employment between 2015 and 2024 expanded at an annual average rate of 2.7% per year, while private sector employment grew 1.7% per year. Government jobs now make up 21% of Canada’s total. The only place this hasn’t been true is in the province of Manitoba, where the private sector added more jobs. How long this can continue is anyone’s guess. The larger the governments share of the employment pie, the greater the burden to taxpayers. Government does not pay for itself. For more information listen to our Making Money Podcast with Ron Hiebert and Graham Hicks at letsmakemoney.ca or CFCW.com.
