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
  • Bank Credit & Money
  • Your Survival Guy’s Super States
  • NNT & Cholesterol
  • Work to Make Money/Invest to Save Money
  • Your Health
  • Ron Paul
  • US Treasury Yield Curve: My Favorite Investor Tool

#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 Zildjians. 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

Click here to sign up for my free monthly Survive & Thrive letter.
Latest posts by E.J. Smith - Your Survival Guy (see all)
  • Early Advice from Her Dad on Tipping at Charlie Trotter’s - February 2, 2023
  • Reagan’s America Remembered by Your Survival Guy and More - February 1, 2023
  • Tom Brady Retires, Again. Should You? - February 1, 2023

Dick Young’s Must Reads

  • The Common Ground of Democracy is Sinking Beneath Americans’ Feet
  • “I’ve Got Guys Buying Guns/Ammo for Me All Through the Night.”
  • Tucker Carlson Interviews My Favorite Florida Farmer
  • The Four Most Important Words in Investing
  • The Problem in America
  • Richard Feynman Solved the Space Shuttle Disaster Mystery
  • Democracy & Diversity: Not In the Constitution
  • Your Life on Main Street will Never be the Same
  • Your Sheriff Can Thwart Federal Gun Control Efforts
  • Rich Grandchild, Poor Grandchild

Disclosure

RSS Youngresearch.com

  • Early Advice from Her Dad on Tipping at Charlie Trotter’s
  • Do You Trust This Rally?
  • Reagan’s America Remembered by Your Survival Guy and More
  • What Happens if the “Fed Put” Is Over for Good?
  • Tom Brady Retires, Again. Should You?
  • What Kind of Life Are You Investing For?
  • Warren Miller: If You Don’t Do It This Year, You’ll Be…
  • Are the Realists Winning the Debate over the Future of EVs?
  • CATO: Global Freedom Is in Sharp Decline
  • Biden Administration Destroying Retiree Fiduciary Protections

RSS Yoursurvivalguy.com

  • Early Advice from Her Dad on Tipping at Charlie Trotter’s
  • Treasury Bonds Ready to Rock and Roll
  • Survive and Thrive February 2023: 4 Life Changing Words: “You Should Try This”
  • Tom Brady Retires, Again. Should You?
  • Reagan’s America Remembered by Your Survival Guy and More
  • America’s Unprecedented Debt Problem
  • Iran’s Ballistic Missiles Could Give Russia the Edge in Ukraine
  • What Kind of Life Are You Investing For?
  • Why Don’t These Mayors Seem to Care?
  • Tactical Laser Weapon Achieves “First Light”

Breaking News: Reform at New College, Sarasota, Florida

German Opposition Leader Denounces the Country’s “Insane Drunkenness about War”

Early Advice from Her Dad on Tipping at Charlie Trotter’s

What Is Trump’s Argument for Election in 2024?

Powell Slows Fed Funds Rate Increases

Canadian Grain Harvest Drives Railroad Income Gains

Copyright © 2023 | Terms & Conditions | About Us | Dick Young | Archives