The quotes below from a WSJ summary of a Nov. 16, 2007 The Chronicle of Higher Education article, suggests that we do not need to worry about the sometimes-alleged “shortage” of scientists and engineers:
(p. B14) The federal dollars pumped into university science departments has created more scientists and engineers than the market wants, said Michael S. Teitelbaum, vice president of Alfred P. Sloan Foundation, which sponsors research, at a hearing in Congress last week. Mr. Teitelbaum said the federal government should find a way to adjust how it funds university research so that university departments don’t end up using the extra money to add graduate students and postdoctoral fellows
For the full summary, see:
“The Informed Reader; Science; U.S. Faces a Glut (Really) of Scientists, Engineers.” The Wall Street Journal (Tues., November 13, 2007): B14.