What will the new map of talent flow look like?

But choosing a career is a guess about the future in which economics is only part of the calculation. Prestige, peer expectations and the climate of public opinion also matter.

SHOOT: No mention of climate change, and addiction to shabby lifestyles and unsustainable habits, just selfish self enhancing me-first psychology. That has to change.

clipped from www.nytimes.com Today, the financial crisis and the economic downturn are likely to alter drastically the career paths of future years. The contours of the shift are still in flux, in part because there is so much uncertainty about the shape of the economic landscape and the job market ahead. The deep recession has clearly battered industries — and professions — whose economics were at risk before the downturn. Law firms are laying off lawyers as never before and questioning the industry’s traditional unit of payment, the billable hour. Journalism is reeling from the falloff in advertising and the inability of newspapers and magazines to make a living on the Web. Still, the industry whose troubles are having the greatest impact on the rethinking of careers, especially at the nation’s elite universities, is the one at the center of the country’s economic downturn — finance.