If labor costs that are higher than corporations wish to pay indicate a labor shortage, then “de facto there can no longer be domestic shortages of scientists and engineers,” the report says, because those corporations will export the work.
In other words, industry positions for people with doctorates are vanishing because American corporations are outsourcing research. That pretty much leaves becoming a professor or leaving science as the only long-term career choices for a person with a freshly minted Ph.D. in the United States.
Weirdly, the report recommends doubling federal research funding. As Benderly points out, that didn’t work for NIH in the late 1990s. There is a very deep structural problem here, and there’s few good ideas about how to twiddle the knobs to make the it go away.
Another take is by Canadian Girl Postdoc.