You might find the intro of this book of interest (just noticed it today) as it talks about the conflict between scarcity and post-scarcity ideas, including market failures and market-based solutions: http://books.google.com/books?...
"Sustainable Growth in a Post-Scarcity World: Consumption, Demand, and the Poverty Penalty -- by Philip Sadler"
IMHO, universities have an implicit moral obligation (including "in loco parentis") to be candid and as accurate as possible with their students about things like career prospects; that they fail to do so as evidenced by this issue is problematical whatever the reasons (including "selection bias" that you only see relatively successful academics working in universities and the advice they give may have worked for them decades ago but may not be very useful either now or for other personality types).
If you look at other countries like in Western Europe, there is not as much of a conflict between being reasonable "successful" in a field and having a family and hobbies and such. Example: http://www.salon.com/2010/08/2...
"Germany's workers have higher productivity, shorter hours and greater quality of life. How did we get it so wrong? ... But even before the recession, American workers were already clocking in the most hours in the West. Compared to our German cousins across the pond, we work 1,804 hours versus their 1,436 hours â" the equivalent of nine extra 40-hour workweeks per year. The Protestant work ethic may have begun in Germany, but it has since evolved to become the American way of life. ... In comparison to the U.S., the Germans live in a socialist idyll. They have six weeks of federally mandated vacation, free university tuition, nursing care, and childcare. ... How did Germany become such a great place to work in the first place? The Allies did it. This whole European model came, to some extent, from the New Deal. Our real history and tradition is what we created in Europe. Occupying Germany after WWII, the 1945 European constitutions, the UN Charter of Human Rights all came from Eleanor Roosevelt and the New Dealers. All of it got worked into the constitutions of Europe and helped shape their social democracies. It came from us. The papal encyclicals on labor, it came from the Americans. ..."
Various studies show that overwork does not make people more productive in the long term. Lots of things suffer -- including creativity. Overwork in the USA is a cultural pathology. BTW, it is also problematical to try to motivate the best creative work via rewards:
http://www.youtube.com/watch?v...
As for technological innovation, there is a lot of discussion related to that by people like Langdon Winner and E.F. Schumacher (including related to "appropriate technology"). Just look at how US federal dollars went as subsidies via land grand colleges to big agriculture research vs. small farm research. Why were research funds for decades going into ever bigger mechanized harvesting operations and related plant varieties (the tasteless tomato) instead of multi-purpose flexible agricultural robotics useful for small farms and heirloom seeds? Why is funding "Seed Savers" heirloom seed production (seeds with a variety of natural resistance and good nutrition) or remineralizing US soils via ground up rock dust not one of the USA's top defense priorities vs. defending long supply lines of imported oil used to create monocultures propped up in dead soil doused in petro-chemical-derived synthetic fertilizers and pesticides?
http://www.seedsavers.org/
http://remineralize.org/
Markets may be good at producing certain types of abundance, but in the absence of political oversight, markets are problematical when it comes to distributing that abundance, creating healthy working conditions, or managing the risk of market failures. Just ask Alan Greenspan:
http://www.youtube.com/watch?v...
http://www.nytimes.com/2008/10...
"But on Thursday, almost three years after stepping down as chairman of the Federal Reserve, a humbled Mr. Greenspan admitted that he had put too much faith in the self-correcting power of free markets and had failed to anticipate the self-destructive power of wanton mortgage lending."
I'll agree with you that there is a very complex dynamics of the whole system, with lots of parts interconnected in surprising ways. This post-doc issue is just one piece of the puzzle reflecting a lot of trends. And it is unlikely it will be made a lot better without considering the complex dynamic of the whole system -- which is just the sort of thing one might think "smart" people would be studying -- if they were not "disciplined minds" with assignable curiosity assigned to prop up a failing status quo: :-(
http://www.disciplined-minds.c...
I don't know about short-term solutions, but in the next couple decades, it seems pretty clear to me that, given increasing automation of mental labor, our entire current economic system is going to undergo a huge transformation. What exactly the end result will be remains to play out... But the "economic literacy" you imply IMHO is getting to be more and more a historical thing related to the 20th century, and will be less and less applicable as the 21st century unfolds. Something I wrote on that back in 2008: http://www.pdfernhout.net/post...