For some no doubt good reason, Americans don’t see a doctorate as the key to a decent career anymore. For foreign nationals it is exactly the key, but Americans have other options.
Also the little detail that Asians have a higher mean IQ than Americans.
I don’t have the numbers in front of me, but I don’t think that is the case. Earning a PhD has never been all that lucrative. Grad students are cheap labor, though, so grad schools will admit as many as they can possibly handle. That just happens to include a lot of foreign born applicants.
Take note that the article speaks of percentages and not numbers. If 50% of PhDs are foreign born, but we’re overproducing PhDs by 200%, then there is no shortage of American born PhDs.
Sure, with no war to dodge, the Phds dried up.... Look at the age of most American Phds.
I'm an electrical engineer in New Mexico, with a Phd I could work at the government labs--where they are laying Phds off.
Employers here won't pay market value for an employee with one here, I'd be 'overqualified' for all but a scarce few jobs. I'd be vitually unemployable.
With my BSEE, I have a ton of jobs open to me--with good pay! I know more than a few guys who leave even masters degrees off their resumes to find work....