This reader doesn’t think so:
I am certainly glad that Congress increased NIH funding, but from where I sit as an early-career academic researcher, it’s not going to put a dent in the massive brain drain out of academics. The reason is this: Ours is a terrible profession to work in. Just terrible.
The number of good jobs—the tenure-track jobs—has collapsed. What has replaced them is graduate student TAs, adjuncts, one-year visiting assistant professorships, and postdocs. The typical academic career path now looks like this:
Get a Ph.D. (This once took four or five years, but the time to degree is now creeping up to six or seven years.) Get a string of several temporary positions (postdocs, adjunct-ships, visiting assistant professor positions), which are paid very poorly relative to your education level and require you to move cross-country or even internationally every 1-2 years. When I say “paid very poorly relative to your education level,” I mean that people in these jobs get paid the same or less than my friend who is a mechanic. Even so, there are so few jobs relative to the number of newly minted Ph.D.s that many people never even make it this far.