WSJ outlines the new realities in corporate America - the massive cutbacks of professionals. Some interesting points:
1. The consumer-led economy of the past few decades created niche markets of people who learned to write, to advertise, etc. These jobs are getting axed - what are these super specialized people to do? They certainly can't build roads and wind turbines.
2. Getting a professional degree has been a way up - is it now going to be a way down, especially after you add up the debt required to get one?
3. Will the cost of professional services as a whole decrease as good talent is laid off and will eventually compete with each other?
4. Have we - as a society - become increasingly dependent on others? Of course, we have. Must there be a revolutionary change in these fundamentals, i.e. should a nuclear engineer also learn how to grow potatoes and tomatoes?
5. Will we finally have fewer ambulance chasers?
6. Did somebody say back to basics...?
7. Should we rename our country NUSA (New United States of America)?
Anyway, the list continues - here's the article.
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