Originally posted by sh76
KN (and others), what do you think? Is the guy blowing smoke or are there really too many scientific phDs out there?
Maybe he's right about the US - I can only judge the situation around here. Of the people who graduate with a Master's degree at my alma mater 99% finds a job within a year, of which about a third or so chooses to do a PhD. There's no problem in going to the private sector after getting a PhD either (since there are many large technological corporations there are also plenty of places for PhD's at Philips, Shell, ASML etc.).
As for the "postdoc treadmill", I don't really know. I think most (associate) professors I have met did one or two postdocs and got a permanent position afterwards. But yeah, if you don't like traveling and moving around, science's not for you.