This isn't particularly well written, which makes me think it's probably legit. Its certainly accurate. It's a piece on the various disincentives to hiring people in the post Obama "War On Business" world. It doesn't say anything about how useless it is to hire people with puppetry degrees whose only understanding of Economics came from the Marxism they learned in English class, but I'm sure that's not helping things either.
There have been times in my past when I was berated for not doing something 'real' for a living or for being a "paper pusher" who really doesn't contribute anything to the 'real economy'. This is nonsense of course. But you'd have to be foolish not to see the trend that's formed over the last 20 years where our best and brightest typically went to Wall Street instead of other careers. I think this piece explains that trend.
For someone like me, Wall Street is an opportunity to be my own boss - even when I have other bosses. Although this hasn't always been true for me personally, the general principle is that if my business is profitable, I'm protected from the politics and drama associated with most employer, employee relationships. It's a chance to be as self employed as I can, and to have as much personal control over my professional future as is available. I'm a profit center in my own right, so I don't have to worry so much about the contributions of others. If someone else drops the ball, I can simply move on and take my business elsewhere.
So why should I work for a large drug company designing new drugs? They have no choice but to treat me worse than I would treat myself. Why build bridges or skyscrapers? The EPA hates those businesses anyway and the politicians use them as tools for delivering
graft campaign contributions, so the downside far outweighs the upside. Why build some other business when there are gaggles of unscrupulous lawyers out there who are waiting for an excuse to loot my efforts for a portion of the pie.
In my job I am as close to a free standing entity as I can be. It's the way I have the most control over my own economic liberty. I can't control the taxes the government takes, or the penalties it imposes. But I can limit my liability as much as possible. And working on Wall Street is how I can do that.
All these people who are talking about government imposed 'fairness' can pick each others pockets. I won't give them the chance to get into mine.