It&#x27;s a lot more complicated than merely a blanket statement of &quot;saturation&quot;. The entire industry has changed in some pretty fundamental ways in the last 15 years, and for many if not most of the academics caught up in this, it did so well after they were committed to the endeavor.<p>The problem is not one of just saturation but exploitation of cheap labor caused by artificially constraining the demand (in this case, tenured professorships). Would you say that the market for software developers after the first dotcom implosion was merely saturated and all the out of work devs had chosen careers poorly, joining a saturated market?  The two phenomena are not dissimilar.