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It will not change as long as the laws of supply and demand continue to hold. Science funding has been continuously rising at an incredible pace for the last ce
by knzhou 7y ago
It will not change as long as the laws of supply and demand continue to hold. Science funding has been continuously rising at an incredible pace for the last century, causing the field to grow by nearly two orders of magnitude. But we are always strapped for cash because we can always instantly grow to carrying capacity for the funding, and that’s because a single professor can have upwards of 25 students throughout their career, in some fields 100.
If we weren’t at carrying capacity, nobody would have to put up with bad advisors and low pay. But we will always be at carrying capacity. Funding could grow by 10x tomorrow and we would be right back in the same position in 20 years.
- asdff 7y agoIt's good we have an educate workforce ready to absorb increases in research funding imo. However, dealing with abusive advisors and low pay isn't going to change with research funding. That's the individual school's prerogative to set that stipend. Most of them aren't even close to the NSF. Schools definitely have the funding to bump stipends to 3x(market rate apartment), but they don't. There's always money in the banana stand (endowment/football).