SUMMARY
The US chemical industry has experienced a significant decline, losing 66,000 jobs since 2007, with many positions now outsourced to countries like China and India. The discussion highlights the oversaturation of PhD candidates in the job market, where there are often 30 applicants for a single position, leading to a cycle of underemployment and temporary low-paying jobs. Many professionals are now transitioning to other fields such as nursing and accounting due to the bleak job prospects in chemistry. The trend indicates a shift towards a workforce filled with temporary positions lacking benefits, creating a challenging environment for those with advanced degrees.
PREREQUISITES
- Understanding of the US chemical industry job market dynamics
- Familiarity with the implications of outsourcing on employment
- Knowledge of the educational pathways in chemistry, including PhD and MS degrees
- Awareness of the economic factors affecting job security in scientific fields
NEXT STEPS
- Research the impact of outsourcing on the US job market in STEM fields
- Explore alternative career paths for chemistry graduates, such as nursing or engineering
- Investigate the role of temporary employment in the current economy
- Learn about labor market trends and projections for the chemical industry
USEFUL FOR
This discussion is beneficial for recent graduates in chemistry, career counselors, and professionals considering a transition from the chemical industry to other fields. It provides insights into the challenges faced by job seekers in the current economic climate.