Sen. Elizabeth Warren (D-Mass.) looked at the Cabinet and declared it full of “Goldman, Generals, and Gazillionaires.” Hedge fund manager Ray Dalio quantified just how much private sector experience Trump’s picks have: a cumulative 83 years in the private sector vs. 55 years in either government or military (mostly military). By contrast, Obama’s first Cabinet had achieved a cumulative of five years in the private sector vs. 122 years in the government or military (mostly government) before joining his incoming administration. Trump’s Cabinet is tilted more toward the private sector than any administration in history, and Dalio predicts this may inject into the economy the “animal spirits” that spurred so much growth in the 1980s.

We could write off Dalio’s comments merely as one of affinity. Trump has put people like Dalio in charge. It’s not just Goldman Sachs executives, like Steve Mnuchin at treasury, or financial titans, like Wilber Ross at commerce. Linda McMahon, co-founder of the Stamford-based World Wrestling Entertainment, was tapped to run the Small Business Administration. For labor secretary, Trump’s choice is Andrew Puzder, CEO of the company that runs Carl’s Junior, Hardee’s, and other fast food chains. Unsurprisingly, Puzder has been a proponent of low-skilled immigration, although he has indicated his commitment to serve Trump’s vision of greater control over the border. And in the prime position, ExxonMobile CEO Rex Tillerson is Trump’s pick for secretary of state.

One potential problem is that Trump’s Cabinet will find their duties running a giant public bureaucracy boring and unremunerative, leading to a higher than usual rate of turnover. It’s not easy to change the culture at a corporate agency where executives can fire people by the thousands. It will be much harder at federal agencies.