JakeBrodskyPE said:
If your goal is to get good work and live well, then studying basic sciences isn't going to get you there. However, the people who do study and advance the basic sciences may have their names in history books. It is like going into the music business. Not everyone can be a rock star. In fact, if you study other branches of music you may barely scrape by.
But those who do succeed, do so fantastically well.
So you ask if we're training too many Physics students. The answer is the same as it would be for studying music. Most will scrape a living somehow. And some will discover the sorts of things that you read in history books. So is it too many? I don't know. What is too many?
I think this is kind of a non-answer. Look at the facts: the economy is terrible and unemployment is exceptionally bad for new graduates. Make no mistakes, the number of employed recent grad is improving...for menial jobs or jobs that do not require a degree. And not to mention that talent and work ethic can be triumphed by "luck" in both good and bad ways (you can be a brilliant scientist but if you barely scrape by to afford rent and food, when are you going to find time to do physics?).
There aren't even many decent academic jobs available. Recently there was a huge strike across the US for unfair treatment of adjunct professors (full time duties, pay about 20 grand/year, no job security, poor health benefits), and not to mention students are starting to refuse to pay for their education to due the prohibitively high cost.So in a nutshell, yes, we are training too many physicists. College is too expensive to take a chance on a major that might not have a return. The world does not care how talented you are or how passionate you are. No jobs = no work.
Ask yourself:
How much debt will school cost me?
What is the interest rates on loans I take out?
What are my job prospects and career choices?
What fraction of my income will I be able to allocate to my loans after taxes, rent, food, car, savings and other necessities.
Using this information, how long will it take me to pay off my loans?
Will these payments prohibit me from other career and life paths down the road? (Will you be able to afford to buy a house, get married, buy a dog, move to a new location, travel, etc?)
What opportunities will be gained by taking on my degree?
What opportunities will be lost by taking on my degree?
IT IS ESSENTIAL YOU ANSWER THE ABOVE QUESTIONS HONESTLY BEFORE MAKING A DECISION.