##3 Publications of Interest

[Glen Crawford <GDC () LNS62 LNS CORNELL EDU>]

[This is an abstract. The article appeared in YSN #1308.  -ed.]
  There are several occurrences of both the Myth and the Countermyth in
the August APS (American Physical Society) News.  It seems that the APS
has owned up to the employment problem for young physicists, but is
either ambivalent about the problem or can't get its terminology
straight.  In any case I recommend it to YSN subscribers as provocative
reading.

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From: gilligan () central bldrdoc gov (Jonathan M. Gilligan)

[Summary - see YSN #1308 for the full post.]
  A recent data brief from the National Science Foundation [NSF]
indicates that investment in research and development [R&D] in the U.S.,
both by private industry and by the federal government, declined in
1991. This was only the second time since the NSF began keeping records
in 1954 that corporate spending on R&D declined after inflation.
  A story in the New York Times on July 26 reports that massive layoffs
and downsizing are not limited to companies in financial trouble.
Companies in good health, such as Procter and Gamble, are planning major
restructuring.  Procter and Gamble plans to cut its workforce by 12
percent over the next several years. Computer programmers will be hit
hard as they cut 62 of 65 computer systems currently in place. General
Electric has cut its workforce almost in half in the last decade, during
which period its sales tripled.
  As a result of these policies, the fraction of unemployment due to
permanent job loss has grown dramatically and the number of
opportunities for the jobless has declined.

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