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In my opinion, the rapid devaluation of seniority and relationships. Commercial lending, for example, used to be done primarily based on assessment of a senior loan officer, which in turn was based on his/her relationship with the prospective borrower. Small banks still lend this way, while large banks replaced senior loan officers with a combination of sophisticated computer models and entry-level workers feeding inputs into those models...

2007-09-23 14:50:42 · answer #1 · answered by NC 7 · 1 0

Fewer people working longer hours.

2007-09-23 21:01:32 · answer #2 · answered by Anonymous · 0 0

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