Law of supply and demand. If there was only a 100 science PhDs granted each year in th eUSA then they would be able to demand a high salary as industry fought

Law of supply and demand. If there was only a 100 science PhDs granted each year in th eUSA then they would be able to demand a high salary as industry fought for their services. This would in no way reduce the innovation of industry of force them to move their R+D overseas. No wonder they call economics the dismal science