Help Wanted, No Private Sector Experience Required
A fascinating chart from J.P. Morgan provides a look at the percentage of cabinet level political appointees who have private sector experience from Roosevelt to Obama.
Of course there is a downside to private-sector experience. In government, these people tend toward corrupting partnerships between government and business. And yet, it seems essential that if some gang were going to purport to enact policies to bring economic growth, some real-world knowledge is a good idea.
The best idea of all would be to leave private sector employees in the private sector and eliminate government rulers altogether.
In any case, the chart is very interesting.