Joe Biden keeps harping on about Bidenomics, how great it's doing creating jobs. Ah, yes, but what kind of jobs? Jobs in the private sector that create wealth, and pay taxes so government can pay its bills too? Not so much.
The chart, from the Committee to Unleash Prosperity based on Bureau of Labor Statistics data and posted at Power Line, shows that Health Care, Government, and Leisure and Hospitality make up the lion's share of the new jobs. None of them create wealth.
You have to wonder how many "hospitality" jobs are in fast food or cleaning rooms in hotels? This looks like a lot of part-time and low skill jobs those doing them won't view as careers. It's even true for quite a few low-level hospital and nursing home jobs.
Joel Kotkin concludes:
Government, social assistance, and healthcare account for 56 percent of the 2.8 million net new jobs over the past year, notes the Wall Street Journal, and for nearly all employment gains in blue states such as New York and Illinois. Professionals concentrated in government and largely public funded health programs have benefited mightily under Biden.
