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Oh gees, the financial crisis affected the job market. Shocking...
by blumkvist 11y ago
Oh gees, the financial crisis affected the job market. Shocking...
- T-A 11y agoThe financial crisis broke out in the fall of 2008. Employment in finance peaked in 2006, and it has yet to reclaim 2005 levels. I would not be terribly surprised to see that chart turn down again before it does.
- Animats 11y agoObservers of the financial services industry talk about how the industry has a lot of "self-generated work". If the legal environment of the industry were rolled back to, say, 1980, the industry would be smaller and much more boring. From 1934, when the SEC was created, to 1980, the US financial industry was highly regulated, boring, and had few crises. It also created no billionaires.