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I can at least speak about law - this link showed up on HN a few days ago - Suicide prices and the coming crisis at big law firms. http://www.ritholtz.com/blog/2012/10/suicide-prices-the-comi...

Law firms have been in crisis for at least several years from what I know. I even remember having to go through a prospectus for a legal services outsourcing firm at work a while back.

Finance - I know for a fact that post 2008 a large number of firms went bust, and the recession was brutal - lots of people returned to their home countries after finding no work.

And it was the financial sector that added to the STEM shortage by hoovering up those students. Science and Math types that can demonstrate good math and organizational ability are the ideal rank and file for Financial modeling and its related task set.

On top of that there is no shortage of natural finance types either.

S0 those two sections of the economy are almost overstaffed, and one of those sections is dying.

With regards to plumbing - thats a guild oriented job and aside from the usual complaints about collusion and what not, its also expensive because its likely not that attractive.

I think of all the reasons, STEM poaching by other industries was probably one of the larger issues which should be reduced now.

Still, your system is strongly aimed at attracting and retaining the best talent in the world.

The issues people are complaining about are because they feel job searches have become a zero sum game - the presence of a competitor reduces the size of the pie for everyone.

The solution is to make more pies, but that is beyond my ability to detail out.



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