Economists can not get a job

[Leap1]

https://www.nytimes.com/2025/07/28/business/economics-jobs-hiring.html

Lots of government layoffs and very little hiring.

[captainccs]

@Leap1

Lots of government layoffs and very little hiring.

Thomas Sowell called these people “overeducated unemployable elites” paraphrasing from The Vision of the Anointed. it might have been, “the arrogance of the over-educated elite know-it-alls.”

The Vision of the Anointed: Self-Congratulation as a Basis for Social Policy:...

The Captain

[steve203]

@captainccs

Thomas Sowell called these people “overeducated unemployable elites” paraphrasing from The Vision of the Anointed. it might have been, “the arrogance of the over-educated elite know-it-alls.”

They may be academics, who never learned that the first rule of survival is “always tell the boss what he wants to hear.”

Steve

[DrBob2]

@captainccs

Thomas Sowell called these people “overeducated unemployable elites”

Ah, the overproduction of elites theory developed by Peter Turchin. It says that a society that generates more individuals aspiring to elite status than there are positions available leads to social instability and unrest.

DB2

[Leap1]

@steve203

They may be academics, who never learned that the first rule of survival is “always tell the boss what he wants to hear.”

Education would be wasted on those who don’t want it.

Economists make important cost/benefit analysis models. Turns out Doge found very little wasteful spending. The reason was every dollar spent had cost/benefit rationales.

[syke6]

@Leap1

Economists make important cost/benefit analysis models. Turns out Doge found very little wasteful spending. The reason was every dollar spent had cost/benefit rationales.

DOGE was designed to maximize government waste, fraud, and abuse. And did a fairly good job at it.

[Leap1]

Leaders of Doge at one point late in the game admitted there was very little to cut compared to there assumptions going into the process of making cuts.

A redeeming nugget after screwing the government as much as possible.

[captainccs]

@Leap1

Economists make important cost/benefit analysis models.

@DrBob2

Ah, the overproduction of elites theory developed by Peter Turchin.

Do they calculate the cost/benefit of economist oversupply?

The Captain

[SuisseBear]

@captainccs

Thomas Sowell called these people “overeducated unemployable elites”

Yes. It’s about time the path gets cleared for ingenious leaders with a clear vision.

Like ‚low interest rates drive low inflation‘ (see Turkey).

Things are so easy if for once the leaders do what the proles want.

[Leap1]

@captainccs

Do they calculate the cost/benefit of economist oversupply?

Yes in a word of 20 Letters