Richardcyoung.com

The Online Home of Author and Investor, Dick Young

  • Home
  • How We Are Different
  • About Us
    • Foundation Principles
    • Contributors
  • Investing
    • You’ve Read The Last Issue of Intelligence Report, Now What?
  • Your Survival Guy
  • The Great Reset
  • COVID-19
  • My Rifles
  • Dividends and Compounding
  • Your Security
  • The Swiss Way
  • Dick Young
  • Debbie Young
  • Key West
  • Paris
  • Dick’s R&B Top 100
  • Liberty & Freedom Map
  • Your Health
  • Ron Paul
  • Bank Credit & Money
  • Dick Young’s Safe America
  • Your Survival Guy’s Super States
  • Critical Race Theory
  • NNT & Cholesterol
  • Work to Make Money/Invest to Save Money

#2 Largest Employer

April 13, 2015 By E.J. Smith - Your Survival Guy

Wal-Mart is the largest civilian employer. Guess who’s number two? The post office. The USPS employs 600,000. My friend Chris Edwards at Cato explains:

For more than a century, the federal government has pursued a misguided witch hunt against perceived monopolies in the private sector. But in a glaring hypocrisy, Congress has long protected one of the nation’s largest businesses against competition. The legal monopoly conferred on the U.S. Postal Service (USPS) is a relic. Government-run mail makes no sense in our email-dominated economy, and other nations are showing that postal privatization works. If the centuries-old Royal Mail can be privatized, then so can our USPS.

In a new study, former Clinton administration economist Robert Shapiro provides useful input to the privatization debate. He looks at the subsidies that Congress confers on the USPS, as well as the extra costs.

Here are some background facts from Shapiro:

  • With more than 600,000 workers, the USPS is the nation’s second largest civilian employer, after Wal-Mart.
  • The USPS has three protected monopoly products: first-class mail, standard mail (bulk circulars, catalogs, etc.), and periodicals.
  • Employee wages and benefits account for 78 percent of USPS costs. Average USPS worker compensation is at least 32 percent higher than comparable private-sector workers.
  • Since the last time Congress supposedly fixed the USPS in 2006, the agency has been losing more than $4 billion a year.

Related Posts

  • Healthcare America’s Largest Employer: Democrats Would End Growth
  • Doubling Down on America’s Liberty
  • Announcing the Liberty and Freedom Initiative
  • Author
  • Recent Posts
E.J. Smith - Your Survival Guy
E.J. Smith is Founder of YourSurvivalGuy.com, Managing Director at Richard C. Young & Co., Ltd., a Managing Editor of Richardcyoung.com, and Editor-in-Chief of Youngresearch.com. His focus at all times is on preparing clients and readers for “Times Like These.” E.J. graduated from Babson College in Wellesley, Massachusetts, with a B.S. in finance and investments. In 1995, E.J. began his investment career at Fidelity Investments in Boston before joining Richard C. Young & Co., Ltd. in 1998.

E.J. has trained at Sig Sauer Academy in Epping, NH, NH, where he completed course-work in Practical and Defensive Handgun, Conceal Carry Pistol, Shotguns, Precision Scope Rifle and Kidnapping Prevention.

E.J. plays a Yamaha Recording Custom drum set with Zilldjian cymbals. His first drum set was a 5-piece Slingerland with Zilldjians. He grew-up worshiping Neil Peart (RIP) of the band Rush, and loves the song Tom Sawyer—the name of his family’s boat, a Grady-White Canyon 306. He grew up in Mattapoisett, MA, an idyllic small town on the water near Cape Cod. He spends time in Newport, RI and Bartlett, NH—both as far away from Wall Street as one could mentally get. The Newport office is on a quiet, tree lined street not far from the harbor and the log cabin in Bartlett, NH, the “Live Free or Die” state, sits on the edge of the White Mountain National Forest. He enjoys spending time in Key West and Paris.

Please get in touch with E.J. at ejsmith@yoursurvivalguy.com
Latest posts by E.J. Smith - Your Survival Guy (see all)
  • WATCH: New York Governor Melts Down When Asked for Facts - July 1, 2022
  • Time to Save, Troubles Dining Out, and Intelligence on Yellowstone - June 30, 2022
  • RURAL RENAISSANCE: America Finds the Country Again - June 29, 2022

Dick Young’s Must Reads

  • 751 “No-Go” Zones in France
  • What a Way to Make a Living: New Hampshire #1
  • America’s Colleges Have Become Progressive Liberal Rat Holes
  • The Simple, Elegant Power of the Retirement Compounders
  • Biden Wants to Gut the Tax Benefit of 401K Plans
  • The Butterfly Effect and Chaotic Markets
  • “The Great Object Is that Every Man Be Armed”
  • Americans Fleeing High Tax States for Growth Corridors
  • Ron Paul: “Freedom and Central Banking Are Not Compatible”
  • The Three Best Retirement Decisions I Ever Made

Disclosure

RSS Youngresearch.com

  • Happy Independence Day
  • Even Without Food and Gas, Inflation is Soaring
  • Despite Inflation, Best Year Ever for Vacation Demand
  • Time to Save, Troubles Dining Out, and Intelligence on Yellowstone
  • Purchases of Gaming Chips for Crypto Mining Tailing Off
  • RURAL RENAISSANCE: America Finds the Country Again
  • Are Google, Amazon, and Microsoft About to Crash This Specialized Real Estate Market?
  • Why Work When Taxes Take It All?
  • Regulators’ Bungled Attempts to Cut Emissions Drove Oil Prices Higher
  • Your Survival Guy in Paris: Awakened from His Slumber, “Dad, I’m Going to London”

Happy Independence Day

For Investors Who Want to Stop Worrying About a Market Crash

Breaking News: House Election Update

WATCH: New York Governor Melts Down When Asked for Facts

Florida Is a Refresher Course in American Greatness

Should You Believe Ms. Hutchinson?

Copyright © 2022 | Terms & Conditions | About Us | Dick Young | Archives