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links for 2008-11-13 November 13, 2008

Posted by arikjohnson in Uncategorized.
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  • With Lehman Brothers bust and banks across the world posting some pretty dismal results, some 200,000 or so Wall Street workers are set to lose their jobs. That’s obviously rough news for the economy and even rougher news for the families involved, but there is a silver lining argues Dubner. He starts with the premise that for the past few decades Wall Street has attracted our nation’s best and brightest:

    Like them or not, the men and women who’ve gone into finance in the past 10 or 20 years… are super-well-educated and work incredibly hard, with intense focus. In economic terms, these people represent a huge stockpile of human capital.

    Now, with the detonation of the financial markets, this talent pool is set to disperse to a variety of industries. In addition, “perhaps millions, of college undergrads and graduate students who had planned to work in finance” will be seeking alternate career paths.

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