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World Shortage of PhDs
Currently, we have a worldwide shortage of PhDs and as university enrollment increases, this problem will increase. The problem of not having enough PhDs is one in almost every industrial and emerging nation. China, which produces an impressive number of scientific research papers, is under extreme strain in terms of the number of PhDs it needs to improve its civilization. In India, the IT industry is strong, but there is a dearth of PhDs.
India has its educational institutions producing 7,000 PhDs a year in science. In the United States, we produce 1,000 computer science PhDs a year, a large percentage of which are from India or China. Many PhD students are hired before completing their PhD training, this will be a continued trend.
Human civilizations are becoming more technologically advanced and yet their societies lack the knowledge and know how to keep up with all that they are producing. Who will run things in the future if we lack the technological know-how? In China, the US and India there is a big push for math and science careers and educational studies.
A place of serious concern is aerospace, as the average age of an aerospace designer is currently 58.7 years and all are retiring, while those who will replace them have not yet entered upper division college. The demand for these kinds of doctoral rocket scientists rivals the FAA’s shortage of nurses, truck drivers, high-tech car mechanics, and air traffic controllers. Needless to say, Houston, umm, we have a problem. The worldwide shortage of PhDs is a huge problem, honestly, Lance.
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