MIT graduates about 400 PhDs per year and only has about 40-50 tenured positions open each year.
I suspect every other program is similar. There are simply too many PhDs being graduated, but the universities are dependent upon them for slave labor.
Not mentioned yet is the change from defined benefit pensions. If you had a final-salary pension, then there was no financial incentive not to go emeritus, in the good old days. Whereas on a defined-contribution scheme, retiring a year earlier does literally cost you (or your estate) a year's salary.
I would have hoped for better intuition from professors at MIT. To me it seems obvious that if the average term of service lasts longer, you'll need replacements at a lower rate.
To me it just pointed to the fact that there are more people looking for such positions as there are positions. The later retirement just made an existing problem worse.
I feel dumb right now that it wasn’t obvious to me. I was thinking in terms of throughput vs latency, and how for a single pipe, increasing latency doesn’t affect throughput. So why would it change for multiple pipes? My bad intuition was that letting people stay longer would drop throughput until everyone that was in the pipe during the latency change retired, and then throughput would restore to the same as before.
Doing the arithmetic, it’s easy to see why you’re right, but because it wasn’t obvious to me, I’m not surprised it wasn’t obvious to others. Or at least it makes me feel better...
And don't feel dumb. We all get hit with it at times ;-)
[0] https://www.senate.gov/CRSpubs/0b699eff-adc5-43c4-927e-f6304...
[1] https://www.senate.gov/senators/longest_serving_senators.htm
One day (not really UBI) we shall all self fund tenures ...
If you can sustain yourself longer than 6 months, have you considered just starting your own lab/business?
The master in the story still exceeds at his work despite his blindness and his blindness is actually what enabled him to discover via touch that the material of the books themselves was just as impressive as the contents :)
I imagine the result of removing something like forced retirement ages is similarly nuanced