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Reply to "Why do some private sector workers hate Fed workers so much?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]As a former fed, I had the opposite experience. We hired private sector contractors and then had to redo all of their work because it was of such poor quality. The problem with a lot of contracts is that they do a terrible job of specifying quality.[/quote] I was a statistician at the BLS before moving to Wall Street 20 years ago. I was shocked at the lack of statistical rigor in the private sector. It was insane. And worse, "massaging" data to sell a product was not only common practice but it was expected. It took me awhile to adjust and I never did and eventually left Wall street. Does Boeing ring a bell to anyone? The for profit sector does not give a sh**t about YOU. It's all about making sure the capital owner squeezing the last cent. [/quote] Wall Street still lacks statistical rigor up to today. [/quote]
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