Below is data from the Employment and Training
Administration (Department of Labor) relating to the grants that were
provided under the “Stimulus” bill to train workers for “green”
jobs. It compares estimates that were made to justify the grants versus results actually obtained. Bayesian analysis would suggest that this data should alter
Congress’ expectations about such programs. Think it will?
Consider your own job. How long do you think your employer would continue to pay you to do projects that never even came close to the projections you gave?
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