Is the Ph.D. Job Market Really Shrinking?

[SteamKing]

A new study from the journal Inside Higher Ed shows that it's more difficult to get a job with an advanced degree:

https://www.insidehighered.com/news...-tightening-phd-job-market-across-disciplines

 

[Vanadium 50]

Multiplying Table 1 by Table 2 gives the number of jobs available immediately to graduates. For physical sciences, that's 4324 in 2004, 6002 in 2008 and 6290 in 2014. Hardly a shrinking job market. It is, however, growing less fast than the number of graduates.