Goodbye Academia
These kinds of things are daily discussions in laboratories all over the world. Everyone knows there's no future in academia, and so everyone is looking for an exit plan. I actively discourage people from doing a PhD. Academia is a horrible feudalistic system that doesn't pay well enough to keep the bright minds it attracts. There is no sense in being a post-doc for life. Much better to take that hedge fund job.The really concerning potential consequence of this is that it could result in a dearth of innovation in cures for diseases, and we won't see the affect of losses until 5 or 10 years down the road. No one will fund a biotech startup that's not backed by MDs or PhDs and academia-approved proof-of-concept results. Good luck getting that when everyone is running for the lifeboats.