My guess is that recruitment doesn't generate much value, which is a bigger problem than being greedy.
You're right, there is very little value when the recruiter is just another salesman and the industry is incredibly self-aware. Most recruiters know that they have little to add but why should they care if people continue paying ridiculous fee's for their services? The only way to counter-act a lack of value add is to take the cunning sales approach and convince you that their is more value than what you have been led to believe which is generally just smoke and mirrors.
You're right, there is very little value when the recruiter is just another salesman and the industry is incredibly self-aware. Most recruiters know that they have little to add but why should they care if people continue paying ridiculous fee's for their services? The only way to counter-act a lack of value add is to take the cunning sales approach and convince you that their is more value than what you have been led to believe which is generally just smoke and mirrors.