I think Eric Weinstein covers this question in a relatively academic way in his article: https://www.ineteconomics.org/perspectives/blog/how-why-government-uni

I think Eric Weinstein covers this question in a relatively academic way in his article: https://www.ineteconomics.org/perspectives/blog/how-why-government-universities-industry-create-domestic-labor-shortages-of-scientists-high-tech-workers https://www.ineteconomics.org/perspectives/blog/how-why-gove... "During the late 1990s I became convinced that in order to orchestrate lower wages for scientists, there would have to have been a competent economic study done to guide the curious policy choices that had resulted in the flooded market for STEM PhDs."