Subtleties of the Crappy Job Market for Scientists

Recent reports and articles have generated a lot of buzz about the difficulty of finding employment in the sciences. These articles mirror the anxieties of the young astronomy community with whom I am most familiar. Scientists are not stupid and are pretty good with data, so they can look at the number of graduate students, the number of postdoctoral positions, and the number of faculty ads, and correctly assess that the odds of winding up with a long-term academic position are not good.
However, difficulty finding a “long term academic position” is not the same thing as difficulty finding a job. Buried in those same articles is the fact that the unemployment rate for physicists (which likely mirrors that of astronomers) is between 1-2%. In contrast, the lab-based biologists and chemists (which are the focus of the articles) are not finding employment at all, or if they do, it’s frequently in a position that makes no use of their technical skills.
To me, what this implies is that most of the skills mastered by PhD-level lab-based scientists are not readily transferable to other jobs, and are not easily generalized (or at least, are not perceived as generalizable by employers). The ...