Vitaly's response

Abed Janoudi Janoudi at
Sat May 27 10:55:09 EST 1995

Good points. Higher education used to be a growth industry. This 
industry has now reached maturity and is in fact undergoing 
consolidation. The net result is that fewer opportunities will become 
available until a steady state (more or less) of supply and demand is 
reached. Ph.D. holders are the commodity that is traded in this industry 
and it is natural that when supply exceeds demand prices will go down. 
To put it in other words, Ph.D. holders are on sale.

Change the industry within which the commodity is traded and you have a 
new ball game. We need to identify opportunities outside research.

Abed Janoudi

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