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http://www.slate.com/articles/business/moneybox/2014/07/employment_rates_for_stem_ph_d_s_it_s_a_stagnant_job_market_for_young_scientists.html http://www.slate.c
by VLM 11y ago
http://www.slate.com/articles/business/moneybox/2014/07/employment_rates_for_stem_ph_d_s_it_s_a_stagnant_job_market_for_young_scientists.html http://www.slate.com/articles/business/moneybox/2014/07/empl...
I would theorize there's no shortage of biochemists or lab techs. The graphs seem to show a gradual increase in unemployment and a gradual decrease in employment for life sciences PHD grads. 2010 was a crossover year where afterwards less than 1 in 5 grads will get a job but more than 1 in 5 will be unemployed. This doesn't count underemployment; a biochem PHD working as a waitress is technically employed.
If only the upper 20th percentile of the grads currently get jobs, lowering one companies standards to accept the 21st percentile of grads is still pretty far along the right side of the bell curve... they'll do fine. Regardless of the details, its hard to describe a market where 80% don't have industry jobs as being limited by the labor pool.