"My colleagues and I at Wyeth watched helplessly as one company after another shed employees in huge numbers -- 300,000 since 2000. When Pfizer -- facing the looming expiration of its Lipitor patent and a poor research pipeline -- bought Wyeth for its portfolio of products in 2009, it cut about 25,000 jobs, with more to come." "Most of the combined company's research sites have either closed or are in the process of doing so. Before long, the world's largest pharmaceutical company will be conducting very little research in the US." Read more: http://www.nypost.com/p/news/opinio...nce_jobs_V3TzWwPRZsmTh1sGmtVr8L#ixzz1QHognyBn
The unemployed try their hands at trading only to further deplete their meager capital. Things go from bad to worse.
It's the latest fad in American business, cutting out the R&D, letting the bean counters run the company, work the employees to death, etc... With regard to the workplace, the role of a corporation in it's culture, and respect for fellow men, America is a very immature place. Besides, WiN stands for Work is Nonprofit. Trading is a science job, learn software, hardware, research, psychology, do it all. Drop out now and become a trader! ET: creating science jobs day in and day out.
Trading is not a science job. On the quant side there is some interesting mathematics, but most of the traders here aren't quants. (The quants post at http://www.wilmott.com. and http://www.nuclearphynance.com.) Nobody here is going to discover new facts about the natural world, or prove an important new theorem in mathematics, unless they do it in their non-trading hours.
something like 80% of americans believe there is an invisible man in the sky who controls everything. you cant be a real scientist with a mindset like that. just saying.
Free thinker, well said. But on the original topic: I'm in the pharma industry, for the last 9 years. Two things: The essential skill is to understand how to develop a compound, not how to invent one. If someone else can burn through their venture capital proving their concept and then you can buy it from them, so much the better for you. America's science jobs (at least in the clinical end of the pharma industry) are not vanishing. Even trials that are run overseas are supervised by American workers. Google "pharma jobs" or something like that and check out the sites that come up. There are plenty of jobs in this industry.