I won’t disclose details out of respect for the other party, but no, not necessarily. As I wrote, it was a good deal for the founders and some investors, but not for everyone, including employees. There are many ways to structure a sale, and unfortunately not all of them split the cake equally.
Your suggestion would have fewer fresh eyes to look at the problem. If the scientific enterprise were just about churning out widgets, then yes it’s better to have permanent staff.
But having a strong training pipeline for the globe is a huge plus for US prestige, and the top people are still offered jobs as faculty or industry within the country, so it still a net gain for USA. But it’s brutally competitive for the individual scientists
While I'm more skeptical than you are of the value of a string of new students coming through as opposed to just keeping the very best students, I'm also not suggesting we mandate this change or force it. I'm suggesting that we give people more information to make better informed decisions. If students decide that they are comfortable with a sub 20% job placement rate, then great, nothing needs to change. If they aren't satisfied with that, and we decide that actually they were performing a valuable service, then it behoovs society to pay them enough that they becoming willing to make that gamble again.
The current information assymetry is exploitative. One of two things would happen under my proposed system: either nothing would change because students think they are getting a good deal as is or students don't think the deal is worth it which means that the current system only works because students are having the reality of the job market hidden from them.
I think a mix of the current system with more permanent researchers makes sense.
There is a lot of work in research that fits the permanent worker better than the fresh 22 year old. But having that fresh talent is really beneficial to science.
> If students decide that they are comfortable with a sub 20% job placement rate, then great, nothing needs to change.
The problem is in my opinion not this low job placement rate per se (it is very easy to find out that this is the case for basically every prospective researcher). The problem rather is the "politics" involved in filling these positions, and additionally the fact that positions are commonly filled by what is currently "fashionable". If you, for some (often good) reason, did good research in an area that simply did not become "fashionable": good luck finding an academic position.
> Your suggestion would have fewer fresh eyes to look at the problem
Why? That paradigm doesn't change the influx of new students.
But the current system has a problem of training people for a job and then sending them to do something else. Even a professorship is a very different job than a graduate researcher or postdoc. Most professors do little research themselves these days, instead managing research. Don't you think that's a little odd, not to mention wasteful? We definitely should have managers, and managers with research backgrounds themselves, but why not let people continue honing their research skills?
> it’s brutally competitive for the individual scientists
It is. But this is also a social choice dictated by how much we as a country want to fund research.
Thats interesting, I don't know if I have ever seen this kind of labor market logic applied to science before. Is this an agreed upon idea? In my mind, science and the kind of focused research it entails is kind of definitionally distinct from something like "innovation." Like, frankly, yes, I want a stream of widgets; if that means consistent units of research done to contribute to an important area/problem, which are reviewed and judged by peers.
Like what's even the alternative? We want a Steve Jobs of science? That's really what we are going for?
Are you suggesting science and innovation are distinct?
Scientific progress is largely driven by the “Steve Jobs” of sciences.
Only a tiny fraction of papers remain relevant. So that means the quality of the average paper doesn’t matter as much as the quality of the best paper.
There is actually a lot of debate as to whether scientific discovery is driven by "heroes and geniuses" (as you argue) or by multiple people simultaneously and independently coming up with the same idea [1], often called "multiple discovery". Certainly both have occurred many times over.
That said, multiple discovery seems to be more common nowadays due to the rapid diffusion of information, which means that most people are operating in roughly the same information environment (initial conditions) when they start their research. It is interesting how often multiple discovery happens when you start to look closely at this.
Literature is like classical music. One can argue Beethovens 9th symphony is one of the greatest pieces of music of all time, but that doesn’t mean we all have time to sit through 70 minutes a day listening to it.
I bet important people don’t even have time to sit and watch a full movie.
You can learn far more from art than from anything else, if you try. Should important people go to religious services? Without that at arts, where do they get deep, full thoughtful perspectives on the world?
Literature, music, art; they are all intertwined aren’t they? I find at their purest form they are striving for similar goals: pulling out from our collective unconscious a life affirming theme that can be viewed in a new perspective.
The meme of dude standing in corner while everybody else dances as he utters an elitist thought to himself explains many jazz musicians, especially the protagonist in whiplash
"Whiplash" uses jazz music as a plot device - it has about as much to do with it as "Hackers" does with computers. I've never even played jazz (let alone at the level depicted in the film) and every five or ten minutes of watching it I found myself exclaiming incredulously at the seemingly ridiculous bullshit I was bearing witness to. My instincts were correct; the internet is rife with actual jazz musicians talking about this film's numerous creative liberties taken in service of its plot derivative of a sports flick.
Any opinion of actual jazz musicians formed on the basis of this film can be safely disregarded ab initio. Music snobs exist, but that movie is full of strawmen. A real shame as it was otherwise very well-executed but stuff like the finger-bleeding scene ripped straight from a Bryan Adams song does it no favors.
He mentions Europe without more nuance for the same reason he mentions China without more nuance: he’s talking big picture.