"Is it really any wonder that Americans don't want these gigs? The economics of the professorship don't make sense for people from an affluent society. If you want more American students to take an interest in academia, you've got to stop flooding the market with cheap labor."
I agree with you the problem is demand and supply mismatching. But the current system is built on the demand of cold war. After cold war, most of the demand disappear.
It is another good lesson of governments have absolutely power to distort demand and supply of market.
So one way to solve the problem is to increase demands for graduate students. But I think so far no one has idea how to do that. The money and time lost in graduate school is almost the same as running start ups. But the payout for startup maybe better than graduate school.
I agree with you the problem is demand and supply mismatching. But the current system is built on the demand of cold war. After cold war, most of the demand disappear.
It is another good lesson of governments have absolutely power to distort demand and supply of market.
So one way to solve the problem is to increase demands for graduate students. But I think so far no one has idea how to do that. The money and time lost in graduate school is almost the same as running start ups. But the payout for startup maybe better than graduate school.