Why is Argentina Firing 5,000 Government Workers? | Vantage with Palki Sharma
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- Опубликовано: 26 дек 2023
- Why is Argentina Firing 5,000 Government Workers? | Vantage with Palki Sharma
Argentina's new and unconventional president has signed a decree to fire more than 5,000 workers in the public sector. The move is aimed at cutting the government's spending. Have governments laid off workers before? Should governments be job providers or job creators? Palki Sharma tells you.
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Argentina | Government Workers | President | Public Sector | Firstpost | World News | Vantage | Palki Sharma
#argentina #government #president #publicsector #firstpost #vantageonfirstpost #palkisharma #worldnews
Vantage is a ground-breaking news, opinions, and current affairs show from Firstpost. Catering to a global audience, Vantage covers the biggest news stories from a 360-degree perspective, giving viewers a chance to assess the impact of world events through a uniquely Indian lens.
The show is anchored by Palki Sharma, Managing Editor, Firstpost.
By breaking stereotypes, Vantage aims to challenge conventional wisdom and present an alternative view on global affairs, defying the norm and opening the door to new perspectives. The show goes beyond the headlines to uncover the hidden stories - making Vantage a destination for thought-provoking ideas.
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Have you heard about the unemployment applications surging recently in the U.S? It's becoming a real concern.
Yes, it's alarming. Many people are struggling to find work. I hope there's a solution soon. Provide financial planning services to help individuals manage their finances during unemployment and plan for the future.
I completely agree; I am 60 years old, recently retired, and have approximately $1,150,000 in external retirement funds. I am debt free and have very little money in retirement funds compared to the total value of my portfolio over the past three years. To be honest, having a portfolio-advisor for investing is genius!
@@ThomasChai05Mind if I ask you to recommend this particular coach you using their service?
Credits to "Gertrude Margaret Quinto", she maintains an online presence. Just make a simple search for her name online.
I just googled her and I'm really impressed with her credentials; I reached out to her since I need all the assistance I can get. I just scheduled a caII.
This is what people voted for. That’s how democracy works. He said he would do this, he won, and he did it.
USA needs Trump to do the same . Our govt. is off the rails.
Democrcy is the only system where actor, street vendor rise to the top to turn the country upside down. That is just total chaos at will. No vision no leadership and no care at all
@@annmarler4380
start by getting rid of all the scamming bankers
who force taxpayers to pay bailouts and bonuses
by the trillions every time they destroy the institutions
they were hired to lead as experts.
@@annmarler4380 trump wont do it but , vivek will
@@annmarler4380 Unfortunately I doubt Trump will do anything. He didn't really last time, next time won't be different. He's another Israel asset, much like most of US Senate/Congress.
The U.S. could easily fire more than a million government employees and citizens would never notice the difference in their services.
👍
The problem is it would be the ones that really do their job that ould be fired.
Very true! Please fire Governor Newsom from California and Joe Biden!
Because they are useless
@@yummm8775
I agree. Non essential government positions should be removed
Government workers only know how to spend money, but never creat any wealth
Both Milei and Trump are right-wing extremist pro-billionaire entities, posing as "populists" that favor the average citizen. Also, in the case of Trump (we'll see about Milei) someone willing to lie about election fraud, and instigate an insurrection to stay in power
Bigger govt means higher taxes.
So pretty much all then.
Remove more workers = more homeless.
Well done Milei. Govt employees are the least productive, yet safest employees in the economy. Many govt departments are useless.
Hahaha... you are funny ! Have you ever taken a deeper look into how organizations are in run with chaos? Govt. and private companies? A lot has to with to do with many unproductive useless managers who have no clue what they are doing and getting overpaid for their real value. It's not a govt vs private sector thing. There are just to many dumb and stupid arrogant people everywhere that contribute nothing for a better running organisation.
Most of them spend the day doing nothing and they take weeks off and do nothing.
Who will implement laws and policies? Are you stupid?
Be like Haiti or Afghanistan. No government just big police state. Congratulations Argentina!
@@larryc1616Nice strawman but that's not what's happening. He's getting rid of stupid government employees that are leeches to the common people. Socialism destroyed that country so what makes you think socialism is gonna save it?
The problem with government jobs is the complete lack of accountability. You can fail miserably in a government job and you will get promoted. The private sector will not support this for very long.
not very truth at all, if you have gone inprofitable in the ussr, you should start preparing for a time in siberia
Paying unproductive workers is like trying to swim with clothes on -if you don't take action, everyone drowns.
NO not everyone drowns, just those swimming with clothes.
NO not everyone drowns, just those swimming with clothes.
NO not everyone drowns, just those swimming with clothes.
NO not everyone drowns, just those swimming with clothes.
NO not everyone drowns, just those swimming with clothes.
Nice move ! This dude is on the right track. USA take note.
Vivek Ramaswamy the presidential hopeful is talking about the same method!
good on him. He makes a lot of sense.@@dannycbe949
@@dannycbe949
I would vote for Vivik, but Trump is running and so trump 2024
You bet. As an American I can soon buy Argentinian land for next to nothing and push poor citizens out of their homes. Bah bye.
Yup. Here in S Africa we are going to have to do this in a few years. Socialist government is borrowing billions per day.
I'm from Croatia, EU country. We have about 20% of working population in public sector. And it's most bureaucratic system that work the least and have most secure jobs even when they are proved to not doing a good job. It's a way that government keeps getting elected over and over every 4 years. They just give more pay or better work conditions or something similar to public sector before elections and win is guaranteed.
And EU is allowing it, while its clear violation of democratic process if you pay of your voters. So much of rule of law in EU and my country of Croatia.
Do you want to go and live in Argentina? Croatia any day of the week.
A znam brate, fkt mi ide na k ovo šta nam rade od drzave, ti birokrati sisaju pare, ona sve one nevladine udruge koje se financiraju iz proračuna, za plakat i onda su moji ginuli za ovo, srce mi se slama kad vidim sta rade od lijepe naše
Yeah, im trying to get my citizenship
It's called cleaning the swamp
In Northern India, I have seen government officials direct lower level employees to perform "servant" level jobs at home. In Armed forces too you can gind this system of having "orderlies"
It is more common is armed forces
Communist dog spotted 😂
You need a Milei dude and you gonna be bigger than china
After 30 years in AU I am working in majority indian company. They treat all not Indians as slaves or untouchables. They themselves are lazy and either narcissistic or too much apologetic. So bad I am looking for a new job now.
They call them secretaries here in the U.S. . Just helpers.
5,000 workers they don't need and costing the state millions each year.
Our US government should follow Argentinian President Milei example. There are bloated US government agencies that could use some pruning.
Some pruning? The US federal govt. could eliminate 50% of positions and never miss a beat...and that's understating it.
lol he is about to collapse the entire economy into recession hell. you can devalue a currency as fast as he did, fire that many people and expect everything to be fine, you know what sets turkey and south africa apart? turkey lost 50% of its currency value in 6 months, south africa in 10 years. you want a slow decline, if theres a decline. milei is basically doing everything in south africa and turkey in a few days, that’s basically destroying his economy as suddenly people dont have jobs and the currency is crap, people dont have jobs so they cant spend, the economy goes into decline and people lose more jobs and the circle being a vicious goes into zimbabwe mood and no one can save you
She said 7%!!!
Yes the DOD
@@ab8588 Yes, the IRS and Department of Education
In the US, public workers are the least competent and the best paid.
Same everywhere buddy.
And most entitled.
When 30% of the workers are state employees, it means that the other 7 are paying for it. If they are paid $2000/months, then almost $600/month comes from each ‘private sector’ worker
Very simplistic as the governmental services also generate income and fees, like public transport, state enterprises.
@@henkvandervossen6616 No, that only happens if those companies are profitable, almost none of the companies run by the government make a profit, instead they generate debt, so they increase the need for taxes or other cuts to maintain those companies. That's why Argentina is so bad, they have 10+ companies in debt, 15000 regulations and punish private companies unless they have some kind of favouritism... (corruption) Miley is attacking all of that.
I hope this comes to Canada if we can ever get a better government
It's obscene how many unnecessary public sector employees we have in Canada. This sector is the major reason why we are so heavily in debt.
Are you Canadians that bad? We see you as a dream country!
Your dollar is even stronger than the US one
@@cexploreful that's hilarious! It takes 74 us cents to buy a canadian dollar. What kind of delusion are you living in?
@@whiteynut Oh shit! you are fucking right!
In France, politicians have apartments, chauffeur and more, on tax payers' dime, while downsizing on public workers ... causing increasing workload and burn out
The problem of government employees is that they pay taxes only on food, income tax, and many others but it helps the economy a little. While one private employee in a manufacturing company,there will another five employee directly or indirectly involve. The company pays corporate taxes, capital gains, electricity, trucks, heavy equipments, water, buy lands, and many more. They all pay income taxes and taxes in food, cars and others. So if the state have a 4 pages in a newspaper of local organization, that would drain the coffee of the state. They do not innovate or discover new technology but rather pushing papers.
public workers will always vote left, as tjey think they have a job for life stuff the rest, been there seen it, scams everywhere
politicians salary should not exceed 2X the median income of the average worker.
any higher and it leads to a total disconnect between the politician's brain and the people working to pay his salary.
"public workers"
That's a real oxymoron for ya.
It seems the only country that isn’t corrupt with classism like that is ones that have legal guns for everyone.
He know this will cost him hundreds of thousands of votes. The only reason he is doing this is that it’s for the greater good of the country. A real leader!
Greetings from Denmark.
High government employment only works in high trust, high work-ethic, low crime and low corruption societies. These are purely cultural properties, not economic properties of a system.
Achieving that takes 3-4-5 generations of careful nurturing of honesty, trust and cultural cohesion. Destroying it only takes 1 gerenation, and Nordic countries are on that path.
i doubt that "high trust, high work-ethic, low crime and low corruption" societies exist.
inevitably a politician handing out jobs to stay elected or get elected ends up corrupting the system.
@@user-lb8bg6kj9m Denmark have been like that for generations ... unfortunately, we are slowly spiraling downwards for many different reasons.
You missed one additional requirement for high government employment: Either having a large number of global industry leading companies (e.g. Denmark, Germany, USA etc.) or having large oil reserves (Norway, Middle East etc.). Without one of these requirements, good luck with funding the public sector...
Not true Denmark receives most of its money from service sector jobs because tourism.Europe ranks as the number one tourist destination. However as time passes this will change.
My Argentinean friend now retired in Australia, says exactly that.
Culture is the problem with Argentina.
This is great presentation of facts and the same should be given to developing countries especially in Africa as advice
They missed the part where those workers are hired based on political favors (if you go to the meeting, you get a job, if you're family or friend of the local leader, you get one, etc.) and none of them perform any activity that benefits Argentinians. Actually, part of the conditions to be fired was as simple as not to present to your workplace!!! and I'm not talking about mobility-challenged people but full body-able guys who often take part in marches against the goverment.
They are useless bureaucrats
Africa needs to first get rid of it's puppets.
It draws parallels with similar measures taken by other countries during economic crises, such as Greece, the United States, and Brazil.
Exactly... These are global policies... nothing to do with our own particular situation.
They are harvesting the rest of the world for the sake of their own decendents.
Covid must of been an attempt to cut the workforce and their retirement pensions globally.
Also with tech companies.
Nationalise the banks...
discharge all their employees..
refuse forced privatisation of the social services
which support local sustainable industries...
privatisation has failed everywhere
@@huwpatt3817 Socialism has failed everywhere
It is not the duty of the government to provide jobs. Things that can be digitised should be done so.
Estonia IRC lead in that regard.
This is actually good news reporting!
Milei is making the extremely tough changes, that are needed to get Argentina back on track. Lets wait and see the effectiveness, time will tell.
Melie is on the right path. India should learn from him. Half of our 1.2 million railway staff could be fired without any impact. Same with all other Public Sector companies. Only 20% people in these sectors do pretty much all the jobs.
True, but unfortunately most people in our country still believe in big government. Even BJP leans left when it comes to economics and has a socialist outlook.
@@piranhamusic1331 I agree.
Work in PSU. Half of employees Don't have any actual meaningful work. They just come to the office for tea and gossip. Me too.
True. 10% employees do 90% of the jobs in government.
Pareto distribution. Sounds like India has the same problem as most of the West. Keynesian groupies
I look at the nordic countries and think "Imagine what they could accomplish if they weren't throwing away that much money on bureaucrats!" :D
we would be absolutly fucked
He fired 5,000 criminals that helped the last regime run the country to the ground. Can we get a leader like that in Canada.
People like you never get challenged, I want to ask you, on what premise and evidence are you framing 5,000 government workers as "criminals", and on what evidence are you suggesting that government institutions are "responsible" for running "The country to the ground. Evidence of bad conditions alone aren't proof, you have to show that bad conditions are solely caused by government institutions and that nothing else was involved.
Or is your position based on ideological bias and not evidence?
It's not new. Been done before, and guess what? Recession followed as well as high debt. Government workers pay taxes too.
@@tigers456 Agreed, people who make comments like OP's don't ever understand the dynamics of Geopolitics, Neo-Liberalism and Imperialism.
Government employees are truly the real non essentials.
So you don't want to live under Government?.
@@ayanpandeydpsn-std9005 That's not possible, but you it is also not realistically possible to run out of useless government employees to fire, so you don't have to worry about when to stop.
In India if you get a government job its impossible to fire you
I believe in quality jobs but the fact that an inept person in government cannot be fired infuriates me
Govt is corrupt that's why locals have no infrastructure development
@@cadicamo8720 The current govt is force retiring the some of the so called "permanent employees" through VRS.
@@sanyampathak763 what's vrs?
@@cadicamo8720 Voluntary Retirement Scheme. Multiple high ranking officals in bureaucracy have been removed recently.
India needs this
india needs milei
He is doing exactly what. Many other countries need to do spells out people unnecessary. Government jobs .
Then the private sector cry when their sales drop.
Then they increase price to get profit due to reduced sales.
Then they get fewer sales.
Then they close down.
Then they too get rid of employees.
Then they beg government to employ people to jump start the economy.
What you really need is increase efficiency, new sectors and efficuin those sectors.
Excellent! Governments should be small and employ only the barest of essential employees.
Every government job needs to be a job that is absolutely necessary - not a 'nice to have' but a 'need to have' - Nurses and Doctors are a 'need to have' whereas a 'climate change officer' or a 'DEI' job is arguably a 'nice to have' (Arguably because these jobs are not even 'Nice to have' - they are prime examples of complete non jobs that make life worse and more expensive for almost everyone). Unions need to change their business model from getting their income based on how many members they have to generating their income from productivity of their members because that is the other huge problem in government every job involves way too many people and the process is usually way to complex ... thus the stupid costs of anything and everything the government touches.
Every rule government makes hobbles someone trying to make a living. We need less government.
@@KathyAndrew It also happens in large Monopolies also.
@@ayanpandeydpsn-std9005 large monopolies only happen in two ways. Natural monopolies where you have a quality product, full distribution saturation, at a cheap price or a monopoly made with government assistance.
Shock Therapy is a real economic term. It comes from the belief that if you try to change a system slowly, then the established system overall will die. But if you make the changes very fast, then there will be a shock in the short term, but the established system will be forced to adapt quickly.
Everyone will live better if government is cut to bare essentials and lives within its means.
@@harrymills2770 like Somalia
India did shock therapy in 1991
@@harrymills2770
.. and there is a corresponding cut in the amount govt takes from people's paycheck.
otherwise one ends up paying a lot for nothing.
If poor performance matters, half of government workers would have fired by now in our country
The Zimbabwean government was also warned that if they need to borrow money they have to lay off public workers who are taking more than 10% of the GDP
Only 5,000 keep going, Argentina's problem is generational and was decades in the making. Milei will need a lot of help and a lot of time. The best part is Argentinian took the first step, now take that second and more steps ahead.
So they canget real jobs doing something productive.
There are no jobs at present. They're just offloading expenditures.
He's "firing" 0.14% of the government work force ... that's 14 for every 10,000 employees.
An absolutely insignificant change! I guess those reporting his cuts didn't look at the basic arithmetic of his change?
The news said it is just a precursor there are more to come
@@JL-tm3rc
My company only has 600 employees ... and yet we trim 10-15 full-time positions every year!
Well done that man. I personally feel that govt employees should be the same as people working for the private sector. Govt employees are chronically lazy and unproductive but get the best deals. Totally ridiculous.
I will remember that I am lazy and good for nothing when I am working on Christmas to ensure that you and your family have drinking water
@@MyHeartSpitsAtYourIdeaOfLove I am happy to say that I have my own water supply.
India needs someone like Mille
So does the USA!
@@Brad-gk9jdyou smoking crack? You think we need another Great Depression???😂
@@jacobholley6181I mean despite not having universal Healthcare, the debt is very high along with the fiscal deficit.
@@NaSaSh1087 of course we don’t export anything what do expect us to do to not be in debt? We had a two trillion dollar war and the bank ball-outs from deregulation of laws
@@jacobholley6181 So too much useless government spending and maybe excess federal agencies. Also, as you said failed useless w@rs.
We need someone similar in India, we have lots of politicians who hand out "freebies" but this destroys the economy. And all state owned firms in India needs to be privatized. Socialism kept this country poor, now it's time to move towards capitalism.
Absolutely not fool 😂😂
@@nishant54 Well then stay poor commie. Without capitalism there is no way for India to be a fully developed first world country. You must love receiving free stuff and subsidies.
What socialist ???
the last sentence is good. "they can help the economy, but not cure it".
Full support to Argentina
Palki is simply one of the best news presenters. Thoughtful and meaningful questions.
The nordics have the best schools and social services … that’s why a lot of people work with the government…. They pay great for teachers for example.
The guy is going to make the country prosper again excellent start...
The whole world could use this approach
Countries with higher taxes generally tend to provide services like health care and education using the public sector. So, the proportion of workers in the public sector is higher in these countries. For example, India does not have a universal (free) health care system. So, India employs less healthcare workers through the public sector but employs many more in the private sector.
Any time you put a bureaucrat between doctor and patient, you create waste, fraud, and abuse.
Put a bureaucrat between anything and you'll have the same results as you mentioned@@harrymills2770
You're right, but that's the problem. The government shouldn't be providing so many services. It would be better if many of those services were provided through the private sector. Milei wants to shift some of the government services to the private sector. That's a sound policy.
@@andrewgeissinger5242 I just stated my observations based on my lived experience in India and the west. Both systems have their pros and cons. One thing for sure, the world is watching Argentina keenly as we haven't seen a libertarian world leader in recent history.
What are you saying government hospitals are everywhere and hugely crowded with poor because of free treatment. Anyone can go there. If you want private treatment at govt expense that is not possible.
2:35 Government "officials" can be likened to your local company HR department & its mission. HR departments exist to expand, all their activities are duplicates of what heads of departments can do better. Such as, personally interviewing people most suited for positions within their own area of expertise, solving departmental disputes, recognizing and rewarding excellence, you get the idea. 🤣🤣
A lot of government departments are duplicated with same outcome!
Most of those 30% in Norway, Denmark and Sweden are teachers, nurses, garbage collectors and public infrastructure engineers. The profits from these tax-funded services goes back into the government, so the total cost for these services isn't higher than if they were bought from private companies. This could work the same in India if you could only find a way to to give every citizen the same benefits.
Here's an interesting angle; those three Scandinavian countries mentioned, with 30% of their population working in govt jobs, have also consistently beaten every single country on the planet for the title of "Happiest Place to Live". Maybe proper governance is not about the numbers so much as how the work is done..... In their cases it's obviously money well spent (without compromising public needs).
Here in Switzerland we are similar to Scandinavia in happiness statistics, with a much smaller 15% government sector and a much lower tax rate (around 20% of GDP compared to Scandinavian 30%40%). We typically provide many services by private companies that would be government jobs in Scandinavia. It's about the quality of the services provided, not the government employee status of those who provide it.
Probably due to their refusing socialism and accepting instead a market based economy with an expanded welfare system. God help us if we should stray from that and elect socialism, such as what has happened in Cuba and Venezuela where only the elitists are rich and the middle class ruined.
Now that's progress. Unfortunately that is not yet trending in Canada, on the contrary.
The government has really called things more difficult for its citizens, and we can't sit back and bear all the consequences of the bad governance.It's obvious we are headed for hyperinflation, it is always the poor who take the hit.
Starting early is the best way of getting ahead to build wealth, investing remains a priority.
You are right, to be a successful person in life require him or her of hard work and times.
Stay invested, diversification for streams of incomes is very important And with the right skills and proper understanding of how the market works
The stock market has plenty of opportunities to earn a decent payouts, with the skills and proper understanding of how the market works.
I learnt from my last year's experience, i am able to build a suitable life because I invested early ahead this time.
He is doing great work. This will encourage people to be entrepreneurs
It will encourage people to develop skills or at least be productive members of society lol
Argentina will never rise to the level of the Scandinavian countries.
@@bumblebee9337
you are right.
scandinavian countries will fall to the level of Argentina.
@@bumblebee9337Scands have the money for providing a comprehensive welfare state whereas Argentina doesn't.
@@user-lb8bg6kj9m That's the plan. 99% equally poor.
Regan and Thatcher 👍
Back in the day when common sense ruled not feelings 😮😅
This is a great first step. Most government workers just waste the people's money.
"Afuera!" - Milei
barely in office and already true to his word.
Less governement
We need a private corporation to overlook every public department cause then they will know what actual performance review is 😂😂😂
That’s the stupidest thing I’ve ever heard.
@@Tavat really ? I thought the same about ur name 😁
@@Tavat Don't you mean, "That’s the stupidest thing I’ve ever read"?
No it's not @@Tavat
@@ThatGuy68580 Yes it is mostly stupid. Because even if you have joint company of both private and public enterprises. It would necessary mean that the performance would go up because most joint companies work like public companies only. They would have the same rules and regulations.
Wow....monster governments need to be pruned...hard for the people losing the jobs---need new businesses for sure.
Talks cheap, now reality sets in, tightening your belt, “make do” till change takes effect! Argentina thoughts and prayers from America! it’s the right road but real bumpy! 🙏🇺🇸✝️🇺🇸🙏
Most western countries have more government workers than they need, by about 50%. Reagan and Thatcher cut government employees and oversaw a massive resurgence in their respective economies. They created many more jobs in the PRIVATE sector than were slashed in the public sector. Economic success comes with smaller government and less regulation.
Except that inequality grew during the Reagan years and exponentially thereafter. It's all about the shareholders nowadays.
P.S. My comment has nothing to do with the question of bureaucracies.
@@ufosrusYou are probably right, but utopia doesn't exist. The economic stability of a country depends upon BALANCE, but I would much prefer right wing imbalance over left. Stop hating the rich. Stop wanting to over tax people who invest their profits, which creates jobs and produces a booming economy that benefits everyone.
@@grahamleadbeatter5981 You should look up why we were prosperous in the '50s and '60s, it will tell you where the economic balance was. There was a balance between capitalism, social programs and the unions, and plenty of a sense of community. Nowadays capitalism is ruthless, the unions wield too much power and people are going hungry. Add to that recipe all the money that goes to fund wars.
And in regards to your comment about hating the rich, you're talking to one, so why would I hate myself? 🙄
@@ufosrus I agree with everything in your comment, and I'm sorry about directing my comments re: hating the rich to you personally. What I wanted to convey was that it is a common sentiment among the left to hate the rich. I'm not rich, but I benefit from the rich society that I live in, and rich people who's investments create that society. I also believe in unions as an essential part of economic balance. It's just a shame that far too many unions have become political tools for the left.
@@grahamleadbeatter5981 Thank you for your explanation and I hope the best for you.
By the way, my wealth comes from work and from my father's work (mom was a homemaker) and so the work ethic is ingrained in my family. Besides, we learned to save early on. One of the best financial advice my father gave me early on was to never get into debt. And it did help to have at least one college degree but you actually don't need it if you have an entrepreneurial personality which involves hard work, perseverance and clear and realistic goals. . Also some people do very well in trade professions. We can't expect everyone to fit the academic mold and expectations either.
I am a moderate, independent voter and support small businesses.
In reference to the bureaucrats, I think they're usually people who prefer a cushiony and predictable work life and can't-or don't want to-make it in the private sector.
Laying people off is fine, but if the jobs are just outsourced to companies then nothing useful has been accomplished
those workers will no longer be paid from money stolen from citizens. yes something has been accomplished
They would be no outsourcing. Those are unnecessary jobs.
@@pm1660 The way these things work, hedge fund backed companies purchase the premium assets such as airports, sea ports, water sewage, electricity and roads.
They then charge roughly double the current price for the same services. This is what is meant by privatizing government services. Usually some of the money from the sale goes to paying off debt, and some is a politicians slush fund.
I am not saying if it is good or bad, it's just reality around the world. It happens a lot in Europe as well as the US. The park down the street from my home had this happen, as well as the airport and cargo seaport
These private companies end up hiring some of the same workers eventually
Ultimately the burden of privatization is paid for by the middle class because the corporations pay less and less tax as they grow stronger....so now you pay for all the services you got for free or at affordable rates......health,education,roads etc etc ..... called 'austerity ' ...for your own good.
Not the poor....they never could afford to pay.....and never will be able to....their numbers will just increase
But its the middle classes who get drowned
I assume most of the people commenting on this platform are from the elite? Otherwise they are voting for their own serfdom.
We need the same in Australia. 10% of our population works in public service!
Ronald Reagan said the scariest phrase in the English language was: "I'm from the government and I'm here to help".
you nailed it; like always.
He's right because in Argentina one director of government office from central to provincial level has three or four secretaries. And it has been like that for hundred years.
I would like to see the Australian state and Commonwealth government employee graph. But they’re afraid to put it up.
Wow, that statistic about percentage of government workers in different countries, is eye-opening! Well done, Palki and firstpost. I thought the government sector in India was much larger. The Nordic countries employ far more people in the government sector. Again, never saw this info on Canadian or US T.V
Reagan expanded government size and scope while preaching against it.
There's zero nuance in this "reporting". I hold an MPA (Masters of Public Administration) and one of the first things that you're taught in grad school is that the American federal govt. workforce has remained nearly constant for the past few decades, at around 2 million people, < 2 % of the workforce.
What's more, cutting govt. bureaucracies saves money on the fiscal side, not stimulates the economy nor ushers in good monetary policy nor attracts private investment. Lastly, it's comical to watch newscasts highlight American Republicans discuss fiscal austerity when both Reagan and Bush '43 blew up deficits, primarily due to their increased defense spending (and in the latter's case, the wars in Iraq and Afghanistan).
Can't pretend to "cut" government spending in one area yet increase it 2,3-fold in another !
To implement the finality of the new world system the old government must be replaced with the new. Milei does as told and puts on a great show while doing it.
Yes! We want that here in USA not just Argentina!
We can do this in India.. Anyhow most are useless here..
😂Thanks for bringing us the news Palki. It's unfortunate 5k employees are to lay off Govt workers. Govts with workers are no different from the the business and Corporation with workers great analysis of Govt workers by country which is interesting but you know Palki all in all since Govts are the largest employers they can be good examples to the employers in the business and Corporate world we live in by not creating unemployment . Keep up the good work at Vantage.
Makes perfect sense. Most of the waste is usually in middle management. Redundancy is common.
Interesting that he hired a prior JP morgan employee in a senior financial role????
I am sorry and my deepest apologize to disagree with the news or the actions taken by the governments in crises, but you said a job in the government is the holy grail? I would respond, a job in the American financial industry is the real holy grail. This mysterious Black Box, the American financial industry (Lehman, Goldman, Blackrock), is playing with the fortune of nations around the world for decades. If Javier Milei is the revolutionary president he claims to be, I miss this aspect in his argumentation. If Javier Milei is a real Argentinian patriot, a real Argentinian, he would fight for the fortune of his country first - not for any cooperation abroad.
She was talking about India when she said that a job in the government was a holy grail because once hired, it's next to impossible to fire a government employee.
The bigger the government, the smaller the citizen.
Great decision. Good work
No layoffs happened in Sri Lanka, the government is basically paying for unwanted govt employees with money funded by raising taxes.
Country is on correct path. Good luck. 👍🏽
Selling public owned entities like power or water are catastrophic for the people of a country. I’m in Australia and we pay huge amounts for power generation and the costs are running away on ordinary people
I’m American and I just love how Indians are so enlightened and aren’t from America yet have such American views. Bringing in people like Ronald Reagan and Margaret thatcher to show what people should follow is exactly what I mean. Y’all are the best and I wish the best for India. I hope they become the Asian America.. I want the world to have freedom. Utopia might not exist but we must realize America is safer and better than Honduras or Iraq or even Canada where people go on knifing sprees for days without being shot by a single home owner when in America no one would have been stabbed
Minus George bush lol😂
Those workers are hired based on political favors (if you go to the meeting, you get a job, if you're family or friend of the local leader, you get one, etc.) and none of them perform any activity that benefits Argentinians. Actually, one of the conditions to be fired was as simple as not presenting at your workplace!!! and I'm not talking about mobility-challenged people but full body-able guys who often take part in marches against the goverment.
My experience with Indian Government in Delhi for last 40 years and all other Governments of municipal and state level isn't good. There's clearly favoritism about which PM Modi spoke last year in Independence address as "Chacha-Bhatija Vad". Earlier, these Government officials upto Secretary level were not finding documents and many copies were put into garbage. Now, they don't allow to meet these officials and they take documents at reception. But there's no response. Even PMO submissions are responded after two to three months without any actions. These Government employees are burden on taxpayers in India.
In Canada, however, the number of employees are less and there are immediate response within a period of 48 hours from most elected representatives, with a few exceptions, but in India, there's no response. For Governments of different levels, nowadays, many are not responded compared to earlier conditions.
how is this relevant to this video> With Argentina?
@@studytime2570, she spoke about India at the end of the video, hence, these are my views. There's another comment about western countries.
For Argentina, Mexico and other South American countries, based on inputs of my friends from those countries here in Canada is they still depends too much on the US and Canada, North America, but I believe, time has come to look beyond just North America and BRICS can be a useful platform for that. There's continuous interference from North America that needs to stop, and that's possible only when new avenues are opened up. Hopefully, they'll find BRICS interesting and get that breakthrough as both the US and Canada are cooling down at present.
@@hemantpanchpor and an independent social media.
Have you ever filed any RTI ?
Government employees are The "Jamai". You can't question them.😂
Reservation is the root cause of government official rudeness and lack of taking responsibility. They are hiring incapable people.
America isn't far off either. It's alot of nepotism and political friendships. Even then a sales oriented person makes more than government workers in most cases.
Here is the problem with aggressive economic policies, it may work only during the positive economic growth of economies of developed free market countries. But the issue is that the US and EU are into a huge recession and US is having the highest deficit in the world. Also it is better for Argentina to coalition with US, BRICS group and other countries, to stabilize and control the Argentinian economy if one of collation fails. Also aggressive moves will sometimes lead to disaster and instead focus on gradually liberalizing the economy to a free market type and avoid taking excessive measures as it may result in recession again. Look at UK after brexit as the economy is declining till now. Also US over spending on stupid wars are weakening the global economy even more and so the aggressive move by Argentina to liberate entirely all of a sudden may not get enough foreign investors (FII's) to the country, and the liberation has to be planned and executed in a medium pace, as every thing cannot be changed in one month and it takes months and years. If Argentina has to fire govt employees, it has do it in a slow pace like in 8 months to 1 year, as most of the GDP is based on Government employees spending's and the private sector employees have little contribution. It is not that when the govt employees are fires in one day the economy will be revived to normalcy immediately as there should be other plans for the govt to generate other income for further investment.
Liberal economic policies work best when in crisis, since it takes you out of it.
The US isn't in a huge recession, it's tiny, more of a minor market correction. Nothing close to what happened in 2008.
I'm from Argentina and we already did that you say, and was not good, the time it takes to do it is so slow that any improvement that you could get is devour by other problems, that's why doing gradually is bad idea, and that's why we are going on shock and fast speed changes, more fast we do it more fast we will see things get better, will be painful on beginning but people kowns this and is prepared to recieve the full hit, and if you think 5000 is a lot, thats not the complete number, actually are 7000 and more than 5000 more that was recieving social helps while are public workers, and also 160000 people who should not receive social help also, so the actual number is huge, and is just the beginning because on 90 days Milei government will check all people on social helps and public workers to discover irregularities and could fire lot more people. And even like this like you say the GDP will go down and unemployment will up but it's necessary because all this people is useless, so all people is supporting all this decisions and want all this people be fired asap
About join BRICS Is not under discussion we already reject them, most people don't want join that block, and about recession we are already on recession so if make more deeply is ok people also is prepared to hold on, bring foreign investments dont depends on gdp or some other countries normally shows, is more like the potential of our country if we solve the huge economic trouble and give more safety on business, thats all we need, and not only to attract foreign but also to our people can do business freely, is not about control the economy, is about to let it flow and naturally will be fixed by private sector, argentinians have lot of money just waiting the rigth conditions to bussines safety and to start move the whole economy, just with that we dont need foreign or external support
If you could watch Miley explain all this (he did) he explains that you can liberate everything, but what's important is the order, you don't liberate everything at the same time, first you liberate the economy from the 15000 regulations and reduce 180 taxes (I use real numbers) to 3 (177 taxes make almost nothing of the taxes but they create administrative costs to everyone who try to invest), then remove all the dolars we have and use the real value, and then you can open markets to others without destroying employment. There are more things, but it's a lot, Miley has a lot of conferences explaining to the public what it is his plan (first time any politician do that, with a lot of details, not empty words, he it is a teacher in economy, so he it is really good expleining).
When I say not at the same time, don't misunderstudy it, it's really fast, one change to another, but one has to go first to the other in these fast phases of changes.
If getting a government job is the holy grail of employment that tells you something is seriously wrong with your economy.
Yes...we need more volunteers,that love their country🎉
In india we are witnessing new gov job join drive ,, 1mn new gov job ,,750000 already on board ,,
Pay is low¬hing gets done
@@MohNaz-ly6yx It is not the pay, it is the work ethic.
@@kittyind work ethics nothing gets done
@@MohNaz-ly6yx Maybe for you it won't work. you haven't seen a US Hyman Rickover or Japanese worker.
@@kittyind it's why many indians move to other countries for better facilities, nothing works in India
I don’t like the new PM Milei of Argentina, but this is something I can agree with. Well done, the US should do the same and fired 500 government.
Argentina is looking like the place to move when it all hits the fan here. But good times never last, and the people that were defeated come back even worse, as we're seeing in America.
Fiscal Responsibility, Palki. Love Your Work.
How much of those employees jobs in Argentina is to print new money?, perhaps always recruiting new employees to print more money to feed the hyperinflation?
You know little of reality.
@@AndyFromBeaverton And you don't know the difference between what's a joke and reality?
It's called poking fun at Argentina's hyperinflation and government excessive spending. Yes, that's not reality, but it's funny if you understand.
Privatization of vital government business is a recipe for corporate bondage.
Government must be actively involved in items like Energy, Water, Health, Education, and even Housing, otherwise these services will be very expensive and in the long run, the government might be forced to subsidize them (leading to more wastage) or be forced for more concessions to the likes of BlackRock. In some countries, their drinkable water is fully private for over 30/40 years! Slavery without knowing.
Govt can be involved, but should not have monopoly. The govt companies can be a backup, when private fails to provide services.
@@rajx7120Well, almost everywhere, whenever the govt acts as a backup, the private companies do not care and take out as much profits as possible.
The govt then has to step in and fix things. This in the end costs more money to the taxpayer.
In the UK, there has been a real abuse of this system. A few people have gotten really wealthy.
India had socialism where Government did everything. it kept the country poor. Government need to not interfere with the free markets and economy and also stay away from people lives only this brings freedom and prosperity.
@@Keepitsimple0912 Not communist type or socialist, or monopoly, but to stabilize the market. Imagine govt with weak to no hospitals but instead gives insurance money to private hospitals! Or no public housing to stabilize competition!
@@elkanaajowi9093 I think free market left on its own will do a better job than government involvement. Other than that, why do you assume that the people who are in power and are elected to do so would be all righteous or angels who will do this? Why do you trust governments and politicians? Chances are they will likely become corrupted and bank the money themselves. Market with its competitiveness will bring down costs of everything. Its the government who keeps the cost of things like housing and healthcare high with their regulations and restrictions. Like in the US and many other countries there is a cap or a limit to how many people can become doctor in a year and also US have their regulations in place to prevent certified and qualified doctors to set-up their hospitals or practice in US if they do not go through some process, and I am not even talking about lesser developed countries. It applies to even first world European countries.
If you wish to reform a government or an economy, you first have to deconstruct the administrative state. This is because the AS creates rules, policies and procedures to protect itself, rather than to efficiently and honestly support the state and/or the people. These policies are then used to render any oversight by elected officials meaningless and ineffective.
Argentina needs to do pay decreases with all CEO ‘s salaries into the country gets back into shape. 🇦🇷
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