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Economists actually have lots of job opportunities in the private sector, but we don't generally want them
I think a lot of that has to do with socialization at grad school which sees academia as the only measure of success.
I had a number of my classmates go into private sector, mostly into data science in the tech industry, and I'm honestly kinda jealous of them.
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There's obviously a lot of crowding out, too. If universities were private and the government didn't have so many statistical agencies, then many of those jobs would be in the private sector.
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