True, but don't you think it's a dumbbell distribution? A lot of the smartest PhDs who don't land the top academic jobs decide that going to a less academically

True, but don't you think it's a dumbbell distribution? A lot of the smartest PhDs who don't land the top academic jobs decide that going to a less academically challenging school is not worth their while? So a lot of them are not leaving in disgust, they're being pulled by better things ...