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Some believe that, as a number of [[Baby Boomer]] professors retire, the academic job market will rebound. However, others predict that this will not result in an appreciable growth of tenure-track positions, as universities will merely fill their needs with low-paid adjunct positions. Aronowitz ascribed this problem to the economic restructuring of academia as a whole:
Some believe that, as a number of [[Baby Boomer]] professors retire, the academic job market will rebound. However, others predict that this will not result in an appreciable growth of tenure-track positions, as universities will merely fill their needs with low-paid adjunct positions. Aronowitz ascribed this problem to the economic restructuring of academia as a whole:
:In fact, the program of restructuring on university campuses, which entails reducing full-time tenure-track positions in favor of part-time, temporary, and contingent jobs, has literally "fabricated" this situation. The idea of an academic "job market" based on the balance of supply and demand in an open competitive arena is a fiction whose effect is to persuade the candidate that she simply lost out because of bad luck or lack of talent. The truth is otherwise. <ref>Aronowitz, ''The Knowledge Factory'' 75-76.</ref>
:In fact, the program of restructuring on university campuses, which entails reducing full-time tenure-track positions in favor of part-time, temporary, and contingent jobs, has literally "fabricated" this situation. The idea of an academic "job market" based on the balance of supply and demand in an open competitive arena is a fiction whose effect is to persuade the candidate that she simply lost out because of bad luck or lack of talent. The truth is otherwise. Aronowitz, ''The Knowledge Factory'' 75-76.
The effects of a growing pool of unemployed, underemployed, and undesirably employed Ph.D.s on the Western countries' economies as a whole is undetermined.
The effects of a growing pool of unemployed, underemployed, and undesirably employed Ph.D.s on the Western countries' economies as a whole is undetermined.