Originally posted by sh76 http://wuphys.wustl.edu/~katz/scientist.html
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.