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Comparing Vermont to the Nation’s Biggest Businesses

There’s a popular notion that government can and should be run like a business.

That partly explains why Donald Trump is president. But the idea of running the government like a business existed long before Trump.  It goes back to the 19th century.

As I recently thought about this topic, I wondered about the number of
CEOs responsible for running companies approximately the size of Vermont – or larger.

Vermont has about 624,590 people. Its working population is about 304,670 people.

The CEO of Walmart, Doug McMillon, is responsible for leading a workforce of 1.3 million people – and that’s just in the United States.

In the US, McDonald’s has the second largest private workforce with 420,000
employees. Kroger is #3 with 400,000 workers, followed by IBM, with 377,757 workers.

Vermont’s working population is about equal in size to the twelfth largest employer in the US, Hewlett-Packard.

Indeed, each of America’s ten largest employers has a workforce of more than 300,000 people.

The employer with the most workers in the US – by far – is U.S. Federal government,  with 2,711,000 employees. (Click here for more on government trends and costs.)

And the top employer in the entire world?  The US Department of Defense with a huge 3.2 million-strong workforce.

Regarding revenue, Rite Aid, General Dynamics, 3M, Time Warner, Charter Communications, Nike, and Facebook are all examples of companies with annual revenues close to Vermont’s $30 billion GDP.

Which is just 6% of Walmart’s $485,000,000,000 annual revenue.

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