If this is true (I doubt it happens at scale), then the US got to benefit from some severely underpaid labor for a couple years at no cost to the taxpayer. What's there not to like?
3 karma · joined December 15, 2025
Expanding on this a bit, insight credited to bonoboTP: in a steady state the number of junior faculty positions will only open up at the same rate as current faculty retires. But each faculty member is expected to train dozens of students that are all in principle qualified for such jobs. Therefore, the vast majority, let's say 95%, of PhD graduates have to take industry jobs, there is no way around it. But this does not seem to be the goal of the 95%, hence the incredibly tight job market. Returning to their home country for a faculty job acts as another release valve, but sooner or later those will be filled as well, except in countries in the rapidly expanding phase in terms of university education.
The tenure system is incredibly broken as a result. Ideally, I think there needs to be more non-faculty careers available for PhD graduates either outside or inside academia. After all, there is clearly some value in the work a PhD student does, otherwise they would not be paid. Perhaps we can have public or semi-public research institutions that hire these scientists for actual development. Most likely this will require an upstream incentive change so that grants are awarded to these newly minted organizations.
Universities charge a large overhead in part to cover the "tuition" for the PhD students, which is really a meaningless number since it's taken out of the same check they give you the remainder of. If we just strip out this part and give most of it to the scientist, economically it should be a viable salary.