They aren't being "lost" to the financial industry. They are proving "value" to the consumers of those (valuable) services.
You could make the same argument for home health care workers and cardiac nurses. Potential home health care workers aren't "lost" to the nursing industry. Society VALUES what they provide to a greater degree because it compensates them more.
You seem to be laboring under the assumption that a career in the financial services industry is a guarantee of high-income. The truth is quite different. Life in the financial services industry has its own downsides (insecurity of income, long hours, poor working conditions generally) which you seem to be glossing over to make your argument.
On my last flight to Mountain View, I sat next to a guy who left a job at Goldman Sachs (as a broker) to go do ad sales for Google. His reason: better working conditions and quality of life.
Don't assume that your choices are everyone else's. The high pay in the financial services industry is there because the work is hard and few people can or are willing to do it.
Maybe you should read the entire thread here and see what the argument is all about. You seem to be arguing against claims I am not making.
I have worked with everyone from Bofa to citibank to online trading services to private wealth. I think I have a pretty good idea about who is paid what and what they are paid for.
So again instead of arguing a strawman why not talk about what I am actually claiming.
I see a lot of finance industry bashing in between the lines of your post. You're making an argument about the choices that individuals make based on their own personal goals and circumstances. When you bemoan the choices that other people make under the guise of "what's best for society" you're making a statement that you think differently and that inevitably leads to calls for the state (or some other authority) to involve itself.
Sorry but that is your problem not mine. Whatever you think I am putting in between the lines is up in your head.
As I said, you are attacking a strawman, a position I don't hold.
I have been pretty precise in what I mean and what part of the industry I am referring to. If you can't get paste seeing ghosts then obviously you have a problem, but it's not me nor my post.
"Isn't there something inherently wrong with society when an industry that [b]provides little value to society make so much money[/b] that they can afford to pay better than anyone else?"
Yes you did and if you had just an ounce of integrity you would aknowledge and admit that I actually clarified what I meant in countless other posts removing any possibility of reading in between the lines.
You could make the same argument for home health care workers and cardiac nurses. Potential home health care workers aren't "lost" to the nursing industry. Society VALUES what they provide to a greater degree because it compensates them more.
You seem to be laboring under the assumption that a career in the financial services industry is a guarantee of high-income. The truth is quite different. Life in the financial services industry has its own downsides (insecurity of income, long hours, poor working conditions generally) which you seem to be glossing over to make your argument.
On my last flight to Mountain View, I sat next to a guy who left a job at Goldman Sachs (as a broker) to go do ad sales for Google. His reason: better working conditions and quality of life.
Don't assume that your choices are everyone else's. The high pay in the financial services industry is there because the work is hard and few people can or are willing to do it.