SC’s Government-Industrial Complex
A recent report released by Business Journals highlighted the extent to which South Carolina is lagging behind the rest of the nation in private sector job creation.
Here’s our write-up on that report, in case you missed it.
Of course while the private sector in the Palmetto State is sucking some serious wind, the state’s sprawling government-industrial complex – which deprives taxpayers of billions of dollars annually – is dominating the employment rankings.
According to a recent list compiled by the crony capitalist backers over at Columbia Regional Business Report, government entities occupy six of the top ten employment positions in the Midlands region of the state. Two others on the list – Palmetto Health and Lexington Medical Center – receive extensive government subsidies.
The list is local but it also includes statewide numbers … showing the extent to which government-subsidized jobs are dominating employment across the Palmetto State.
At the top of the list? The “State of South Carolina” itself – which according to the report employs 24,370 people in the Midlands region and 58,710 statewide. Of course that total doesn’t included the S.C. Department of Transportation, a grossly negligent bureaucracy which according to the report employs 1,581 people in the Midlands region and 4,418 people across the state.
The list also ranks the University of South Carolina – which is also part of state government – at No. 6 with 5,761 local employees and 7,144 statewide employees.
Wanna see the whole list?
Ready for the kicker? As terrible as these numbers are for the private sector, many of the non-government jobs “created” by S.C. Gov. Nikki Haley in recent months are also subsidized by taxpayers. For example aircraft manufacturer Boeing received a $120 million handout for its most recent expansion announcement – which came scarcely a month after it laid off 1,200 workers.
These crony capitalist deals are every bit as bad for the economy because as we’ve pointed out previously they shift (and raise) the tax burden – putting a greater strain on existing businesses.
Don’t believe us? Consider the evidence …