Mamdani’s brilliant economic Rx: More government – Latest News
Bringing his socialist economic chops to repair New York City’s stagnant-to-sluggish jobs growth, Mayor Zohran Mamdani’s new answer is to rent more government staff.
His always-busy press workplace and Maoist “mass engagement” cadres introduced Monday a new Jobs NYC Center, a “hub connecting New Yorkers to careers in public service.”
Citywide unemployment as of August was 4.8%, about a fifth greater than the national average of 4.1%.
Mamdani’s hate-the-rich, capitalism dangerous rhetoric hasn’t helped: Finance — which offers the tax income to fuel Gotham’s lavish social spending — has been decreasing jobs within the metropolis for long many years; lately job growth in financial providers comes virtually completely in lower-tax, business-friendly cities and states.
In the final yr, the town added a measly 27,600 jobs to its private-sector workforce of 4.2 million — practically all of them home-health aide work, which is usually funded by Medicaid.
Meanwhile, metropolis government’s headcount is at 308,000 fulltime jobs, down barely from the pre-COVID de Blasio peak of 320,000 staff, however headed steadily up.
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Indeed, Mamdani opened the new hub by swearing in 17 new metropolis staff who have been employed by the Center’s “soft launch” in August.
By the way in which, these numbers exclude positions not underneath the mayor’s hiring purview: If you rely the MTA, NYC Health + Hospitals, CUNY and the like, the government workforce in NYC is nearer to 570,000.
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And tons more of us receives a commission by city-funded social-service companies.
All these salaries rely upon the taxpayers, but Mamdani vows to “accelerate hiring across public service roles.”
Well, more government jobs do construct voter assist for his more-government agenda, plus public-employee-union dues that additionally assist his coalition.
It’s efficient politics, at the very least ’til the money runs out — however Mamdani-nomics sure appears devoted to shifting the town ever nearer to that day.
