"Even as the economy has recovered, social welfare benefits make up 35 percent of wages and salaries this year, up from 21 percent in 2000 and 10 percent in 1960." If the governments share of wages and salaries increased 14% in the last ten years, while the economy went nowhere, what will happen when we reverse this trend, as we must at some point? Do we really have a recovery when the private sector has been doing nothing but shrinking in size relative to the public sector?

CNBC’s Fast Money: Welfare State: Handouts Make Up One-Third of U.S. Wages – CNBC: www.cnbc.com/id/41969508

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