this is a sector that has reached the end of the road

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GoodTaste

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“There is a sense that this is a sector that has reached the end of the road. The conditions under which people are working are unsustainable and they’re feeling burned out,” says Felicity Callard, a geographer at the University of Glasgow.

Source: Nature
When does “this” refer to? It seems referring to the Academic community. I am not sure. The speaker appears saying that researchers or scientists are no more desirable people well paid and well respected.
 
It refers to the industrial sector within which those people who work as academic researchers in the UK work.
 
Source: Nature
When does “this” refer to? It seems to be referring to the Academic community. I am not sure. The speaker appears to be saying that researchers or scientists are not desirable people who are well paid and well respected.
 
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