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> are preparing them well for a future career in academia, if they so choose

Assuming that option remains. In other disciplines, from what I read, it is fast disappearing for the majority of... "qualified" candidates.

As the quality of the product (i.e. potential employee and what they have to offer) declines, I speculate so will academic opportunities. There's a lag while the decline in value reveals itself, but eventually the world catches up with the new state of things.



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