> Now, as a new crop of graduate students receives Ph.D.s in science, researchers worry over the future of some of these dedicated people; they’re trained to be academics and are often led to believe that anything else is an admission of failure.
As someone finishing up grad school, this doesn't seem quite accurate. To me, it seems like a lot of the interesting research is being done in industry. I remember scrolling through jobs online toward the end of my undergraduate and seeing "PhD required" for all of the positions I was interested in. Most of my friends working on their PhD are aiming either for industry or a research scientist position at a government lab (like ORNL). So I'm not sure who exactly constitutes this group that believes "not professor" = failure.