I mean, isn't it clear, ever since the bulk creation / funding of so many colleges (and faculty positions) pre + post WW2, the US faculty job market has been on a decline ever since -- (that is, from the average postdoc's point of view of success % when seeking a faculty position).<p>You do understand right, that the faculty system relies on a pyramid of people entering and leaving the system? And only a certain fraction getting to the top, and people having to vacate the top of the pyramid for anyone else to get there? (for stable, or in other words, stagnant fields)<p>When the US was in a college-building phase (funded by economic stimulus / public programs), all these posts were new and empty, waiting to be filled. So it enabled a generation of new professors to fill those ranks. As that became stable, now instead of a fresh pyramid you fill with eager people (who think that's still how easy it is), you have grad students and postdocs seeing who can outlast each other (or publish more) to get to the top through attrition or publishing prowess.<p>Certain fields, let's say, pure math, or history, until a professor retires or dies, there's just no spot for the people below even to compete for. That's why you see people going to Asia, Middle East, etc. where the new money and universities are. Follow the money. I mean this is pure population pyramid, demographic stuff that you can predict. You almost don't even need to know the student's thesis topic to say what chance he/she has of becoming a professor.<p>And Covid put all this on hold now -- or at least the departure end of the pyramid. No one in their sane mind would retire or give up their faculty position in this environment. And colleges can barely bring in enough revenue to maintain their classes, let alone expand some department. And yet you see stories of more students going into grad school for this limbo period.<p>Joining the climb up the ladder -- it's not going to end well. Or, it's going to be even worse than before, I'm guessing.