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You know that in our profession there's a pretty strong correlation between status obsession and technical competence. My guess is that there would be a permanent reduction in competence.
Who cares, though? It's not like most of that work is valuable.
this territory is moderated
Good point. At the lower levels, recent grad and early/mid career levels, I would definitely agree. Not as sure about leadership levels though.
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I only know a few older government economists and their competence level is frankly an embarrassment to the profession.
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I'm just catching back up here.
A government economists seems like an oxymoron and I'm sure it is.
I think the best government employees are Park Rangers. And guess where they have to work?
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Most economists work for the government. It's not ideal.
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It's ideal for them because they can't get a job doing anything else. It's welfare.
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That's really not true. They just can't get jobs that are nearly so easy.
Economists actually have lots of job opportunities in the private sector, but we don't generally want them.