The Supply of Scientists With PhD's is Greater Than The Demand

This article tells a sobering story about PhD's who can't find jobs in their specializations.  The pharmaceutical industry is cutting back on R&D, and there is less funding available from government organizations like the National Institute Of Health. It is also harder to find teaching jobs in our research universities. This story runs counter to what we hear from pundits and politicians about the inability of our education system to produce scientists and engineers.  It also runs counter to the claim that our high unemployment rate is due to the poor skills in our labor force.