Drawn Quote by Joseph Stiglitz
“The financial sector has so distorted salaries that physicists are getting drawn into the financial sector. All that has led to an undersupply of people committed to the public sector.”
About This Quote
Source Speech: World Economic Forum, 2015
Distorted salaries lure physicists into finance, causing a shortage of talent for the public sector.
In simple terms: High pay in finance pulls scientists away from public work.
Key Takeaway
Align compensation with public value to retain talent.
Themes
economics
labor markets
public policy
science
Mood
analytical
concerned
Type
economic
policy
When to use this quote
- government research
- education funding
- policy making
- nonprofit hiring
Key Concepts
salary distortion
brain drain
public good
sector imbalance
Questions to Reflect On
- How can public sector salaries become competitive?
- What policies can balance talent distribution?
A Different Perspective
Financial incentives may outweigh civic duty.
![“World War II was really unusual, because America was in the Great Depression before. So the war did help the US economy to get securely out of this decline. This time, the war [in Iraq] is bad for the economy in both the short and long run. We could have spent trillions in research or education…” quote by Joseph Stiglitz](https://sms4smile.com/quotes/img-quotes/860/joseph-stiglitz-1351_america_world-war-ii-was-really-unusual-because_156000.jpg)
