nickyrtr said:
If you are talking only about employer self-interest, I don't agree.
In several of my interviews, the employer explicitly told me that this was the reason I didn't get the job. One reason one of several of my interviewers were reluctant to hire me was that they were replacing a physics Ph.D. that had quit so that they could work for an investment bank in NYC.
One interesting thing was that in one situation, I was able to stay in touch with the interviewers and I was able to steer some business in their direction later.
The theory is that the overqualified person will quit as soon as a better job comes along, but this is a risk for all employees.
It's worse for people with high skills. People will low skills are trapped and have no other options.
Also, if someone were to ask me if I'd quit if someone offered me a tenured research professorship in astrophysics, the truth would be *HELL YES*. One of the good things about working for finance is that you don't have to pretend that you love the job, since the interviewer is likely to quit the second someone offers them a professorship.
In my experience, the most common reasons that people quit jobs are conflict with superiors or due to family concerns, which have nothing to do with qualification.
That's not been my experience. More important, it wasn't the experience of the people that were interviewing me, and even though I didn't get the job, I got enough information to know exactly why I didn't get the job.
If you are talking about what's good for society, you could be right in that the person who is just barely qualified for the job needs it more than someone with a PhD, but where does that leave most PhD's?
One thing that I tell myself is that my goal in life was to figure out the universe, and if I can figure out neutrino radiation hydrodynamics, then I can figure out the job market. It may be painful and difficult, but since I finished a physics Ph.D., I'll do what it takes to get the job done. If I have to learn something new, then I'll learn something new.
I don't mention this to employers since it sounds arrogant because it is arrogant, but I do tell myself this constantly. One other thing that I did when I was looking for work is that my job was to find a job. I got up at 8:30, headed to my office (local Starbucks), and put in a full days work until 6:00 p.m. and then headed home.
If there are 1,000 unemployed PhD's and 100 jobs that require a PhD, what should society do with the other 900?
Force us to make difficult choices.
One thing that seems to be a theme is that there isn't a massive shortage of jobs that require a Ph.D. There *is* a shortage of jobs that don't require relocation. I didn't want to leave Austin, but after spending a few years there, it was clear that there was no future for me there, so I had to leave. One thing that made this easier was that my parents were immigrants, so I figured that if they could give up their lives in China for greener pastures in the United States, then a move to NYC wouldn't kill me. My parents were willing to move half way around the world for a better life, and if I have to do the same thing, then I'll do it.
One other thing. Society ain't going to give you crap.