On the job market (2023/24)
Innovation, Labor
Postdoc @LISHarvard
Econ PhD from Ohio State
@wytham88.bsky.social
Feb 12, 2024 • 12 tweets • 4 min read
How does funding uncertainty affect science? Every Oct, we get headlines bemoaning the impact of the federal budgeting process on science. Does it matter that grant $$ takes a bit longer to get out the door, or is it just a nuisance we can deal with?
It turns out that this is really not great for people who work in science. Funding delays of > 30 days lead to:
- 40% increase in exiting US labor force
- 20% decrease in wages
- Postdocs and grad students heavily affected