Earlier quoted context omitted.
You're right that it's possible, in theory, to increase funding to the point that everyone who is capable of and wiling to be a research scientist makes a competitive salary. However, in this case, the oversupply is so obscenely high [1] that you would have to allocate something like a fourth of the economy (roughly all government funding at all levels) in order to exhaust the supply and pay it the no-labor-of-love w…
Thanks for clarifying, I understand your position a lot better. I no longer find it circular, but I still disagree with a lot of your assumptions. TL;DR: I (and IMO this thread) was speaking of hard sciences, not social sciences: there doesn't seem to be nearly as much of a replicability issue due to people starving for discoveries (there are still process improvements to be made, however). As such, the only bottlene…
>I'm not sure if you're basing that on the situation where every schoolchild thinks they need to go to grad school? Frankly, I don't think this assumption is reasonable: I don't think the current system even encourages that. Universal undergrad is heavily encouraged, but culturally, grad school still remains very much discretionary.
My point was that grad school "overuse" is tightly coupled to undergrad "overuse" -- colleges are dominated by professors that think highly of post-grad education ("hey, it worked for me!") and will therefore overpromote that as an option. Therefore, overpromotion of college will translate to a saturation of grad school (and jobs with grad-school prerequisites), even if policy "only" encourages undergrad; this is where I think we are today.