In the Wall Street Journal: "Securing work in a tight economy means more job seekers might find themselves applying for positions below their qualifications. Many unemployed professionals are willing to take paycuts for the promise of a paycheck. But to get a foot in the door, candidates are gearing down their résumés by hiding advanced degrees, changing too-lofty titles, shortening work experience descriptions, and removing awards and accolades."
This is sad. Also, that recruiter who is so worried about professionals "jumping ship" clearly shows little understanding of the job market that is causing these professionals to "dumb down" their hard-won credentials in the first place. They won't "jump ship" until the economy improves substantially.