Think about this: If the number of faculty positions isn't growing, how many PhD's should a faculty member graduate in total? Probably around 1-2 in their entir

Think about this: If the number of faculty positions isn't growing, how many PhD's should a faculty member graduate in total? Probably around 1-2 in their entire career, otherwise there is a glut of PhD's with no faculty. But with so many faculty members adding 1-3 new PhD's _per-year_ there will be so many PhD's with nowhere to go. (Excluding fields with a good route to industry, of course, since there's plenty of "sterile" industry positions where the researcher is no longer spawning new researchers).