two points:
1. i expect this market would correct faster than the one for computer
scientists, as some of those going into economics at the graduate level
would be enticed by these high salaries (and perhaps the pleasure of being
actively recruited). if your reason for taking an econ degree is to increase
your earning power, and you see the earning power of economics profs rising
at above the market rate, you would at least consider that path as a
rational choice.
2. but: this has to be driven from the top down, that is, that the
non-academic jobs a person can get with an econ or finance degree pay even
more. but then, that's hardly a brilliant or original observation.
etb
>
>
> A Dearth of Economics Doctorates
> Leads to Royal Recruiting Battles
> By JON E. HILSENRATH
>
> Staff Reporter of THE WALL STREET JOURNAL
>
> During the last month, Julie Mortimer has been flown around the country on
> all-expense-paid trips to Chicago, Boston, New York and San
> Francisco. She's
> been wined and dined at the upscale Rialto restaurant in Harvard
> Square and
> wooed through e-mail by Gary Becker, a Nobel Prize winning
> economist at the
> University of Chicago.
