Silicon Valley is bubbling. And, as has happened a few times in the past, it sounds as if the graduating classes of Harvard, Yale, and the rest of the world's most selective universities might decide, en masse, to do something other than work for the likes of Morgan Stanley. In response, the big Wall Street banks are raising starting salaries and reducing the work hours of new recruits. But technology entrepre-neurship will never have the power to displace Wall Street in the central nervous system of America's youth. That is, in part, because tech entrepreneurship requires the practitioner to have an original idea, or at least to know something about computers. Entrepreneurship also doesn't offer the people who wind up at elite universities what a lot of them crave: status certainty. "I'm going to Goldman" is still about as close as it gets in the real world to "I'm going to Harvard," at least for the fiercely ambitious young person who's ambitious to do nothing in particular.
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