...going back 100 years: about 40-50%. The most brilliant man ever to assume the position has appointed a grand total--to deal with the most serious private sector meltdown possibly since the Great Depression--about 8% of his cabinet that have any, any, ANY private sector experience. Well, why on earth wouldn't academics, lawyers, advocates etc be able to propose policies informed by a hands-on, this is the way you make jobs, make payroll, balance a budget, record and background. YOU MUST SEE THE CHART:
Help Wanted, No Private Sector Experience Required
By Nick Schulz
November 25, 2009, 8:19 am A friend sends along the following chart from a J.P. Morgan research report. It examines the prior private sector experience of the cabinet officials since 1900 that one might expect a president to turn to in seeking advice about helping the economy. It includes secretaries of State, Commerce, Treasury, Agriculture, Interior, Labor, Transportation, Energy, and Housing & Urban Development, and excludes Postmaster General, Navy, War, Health, Education & Welfare, Veterans Affairs, and Homeland Security—432 cabinet members in all.
When one considers that public sector employment has ranged since the 1950s at between 15 percent and 19 percent of the population, the makeup of the current cabinet—over 90 percent of its prior experience was in the public sector—is remarkable.