Monday, November 10, 2008

Credit cruch may be a boost for science in some countries

From Credit crunch could boost science sector: analysts (via 'Naked Capitalism'):
"With thousands of job cuts at investment banks and hiring freezes at others, school-leavers and maths and science graduates could be increasingly attracted to the world of research and development.

"The glamour of the Wall Street jobs is gone, and that leaves more room for science and technology," said Georges Haour, a professor of technology and innovation management at the IMD business school in Lausanne, Switzerland.

"Although the salaries are not the same, the salaries (in finance) are zero because people are being fired," he told AFP.

Britain's government has also marked the financial crisis as an opportunity to boost science and technology.

Science minister Lord Paul Drayson last month urged scientists who went to work in the City of London financial district to switch to teaching science subjects or science-related businesses."

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