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@arpitrage Already a fragile equilibrium around faculty (time) investment in PhD students (incentives to get academic letters and profs’ incentive to develop disciples). I speculate “fragile” w rise of pre-docs (vs PhD RAs) and how this differs outside “top” schools (broadly defined).
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@arpitrage I’ve suspected that the “we successfully place students in academia” is partly for faculty, not just prospective students