Disclaimer: I work in academia
- Brian Nosek's team examined 100 studies from high-ranking psychology journals in 2015, and could only reproduce 1/3 of them.
- Tim Errington did the same for cancer papers, and could not reproduce most of them either (he spent 8 years for this efforts btw)
- When you aggregate the reported p-value in scientific publications, it often reveals a "funny" distribution (Leggett 2013, Ookubo 2016)
They are not picking up rare misconducts by low-profile researchers. Fraudant research (from p-hacking to data rigging) is very common and a very serious issue.
The biggest thing though is just this idea that a non-reproducing paper is a failure of science. Journal articles are the beginnings of conversation in a discipline, not the last word on it.
You can see what I mean, though: people who probably couldn't name 3 important researchers in a field see people working on replications in those fields (Nosek, Errington) as celebrities. Because reported failures to replicate are newsworthy, and the day-by-day grind of incremental findings and negative results aren't.
https://www.science.org/content/blog-post/pharma-ceos-speaki...
And who knows, with the right wacky regulatory scheme enacted, the workforce impact will be mitigated away. Probably also banking on the size and power of the American domestic economy to still allow them to siphon talent from across the western world to help make up some short falls.
Actually the opposite, apparently Trump rolled back the Medicare drug cost caps so they're expecting profits to go up.
https://www.fiercepharma.com/pharma/phrma-prepares-meet-trum...
I wonder how all the PhD’s that spent 10 years of their life and can’t find a job feel about that?
Also, the taxpayers are paying most of the cost of these PhDs.
Regarding employment rates, I can't speak too broadly on that as I'm more focused on the econ field, which does not have employment issues. But I would be interested in hearing the base for you numbers.
I say this with partial ignorance though. I don't know that particular field. Generally, the number of drop outs at grad school is notoriously quite high across the entire spectrum. How much has the needle moved given what feels like a coin flip shot of completing an advanced study in all respective fields?
There's more graduates than ever before too. It will trend sharply down over the next few years, not necessarily because of the loss grants from the US government, but because of the birth glut that has been looming since 2008.