Science and Money
Over at Science Progress, Beryl Lieff Benderly argues that it’s a lack of good paying jobs that is keeping young people away from scientific careers.
Across the United States, therefore, professors are bemoaning the choice by many of their brightest undergraduates to eschew science graduate study in favor of medical, law, or business school. These students don’t reject science because they’re bad at math, but because they’re good at it. Anyone bright enough to get a science PhD is bright enough to run the numbers showing that an average of seven years of graduate school, followed by five or more postdoc years, followed by long odds against getting the job one was ostensibly preparing for, add up to a lousy investment.
and
The tiny minority who do land research-based faculty jobs have spent so much time “training” that, in biomedical science, for example, they average 42 years of age when they finally launch their independent research careers by winning their first competitive federal grant.[8] At that age, scientists of previous generations—Albert Einstein, Marshall Nirenberg, Thomas Cech—were collecting Nobel Prizes for discoveries made in their 20s.
Her solution? The government should fund fewer postdocs and grad students and more permanent staff scientists positions that pay reasonably well and have benefits. The entire article is well worth a read.

