Education as a Ponzi Scheme

Miller MCune has an article arguing that we still have the world’s best in science, but that there are no jobs for them. Parents now point their children away from science because of that.

“There is no scientist shortage,” declares Harvard economics professor Richard Freeman, a pre-eminent authority on the scientific work force. Michael Teitelbaum of the Alfred P. Sloan Foundation, a leading demographer who is also a national authority on science training, cites the “profound irony” of crying shortage — as have many business leaders, including Microsoft founder Bill Gates — while scores of thousands of young Ph.D.s labor in the nation’s university labs as low-paid, temporary workers, ostensibly training for permanent faculty positions that will never exist.

It’s an interesting discussion and I recommend reading–and thinking–about it.

How does it apply in similar ways to English?

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