4 ms·
Avoid the sick moral hazard of privatised profits but socialised losses.
by duncanawoods 7y ago
Avoid the sick moral hazard of privatised profits but socialised losses.
- Alupis 7y agoIt's a tired example, but I've yet to meet the DMV or USPS employee that just wants to excel at every aspect of their work.
- ClumsyPilot 7y agoAgreeed, the way Boeing management exceeded itself will go down in history. The issues at play here affect top level management and their incentives, but let's talk about USPS deliveryman.
- peteradio 7y agoI've never encountered this stereotype. USPS and DMV always just work wherever I've lived.
- deleted 7y ago[deleted]
- deleted 7y ago[deleted]
- duncanawoods 7y agoNavy Seals are government employees and call centers with staff-turnover measured in days are private. Employee motivation does not depend on the ownership structure but their work, treatment and reward.
- Alupis 7y agoAre you advocating pushups and multi-mile ruck-marches as punishment for not meeting production goals at USPS? Or rigorous try-out testing including sitting in 50*F water all night without sleeping for the guy at DMV that hands you a number? Comparing government workers that rarely can be fired with specially motivated unique individuals is far from fair.
- qtplatypus 7y agoI have worked in both the government and private sector. I’ve met people who are driven to excel and people who are do the bare minimum. Being publicly or privately funded doesn’t matter, what matters is how interesting the job is and the personally of the person.
- zo1 7y agoAnd from the free-market perspective on government entities: Socialized expenses but privatized profits (via corruption, etc).