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Hi Bob--
Romer is well aware of discussions of PhD gluts - he talks about them in his paper. I'm going to elaborate on that in my next installment.
The unemployment graphs are interesting - I wonder if they'd look similar for non-S&E's? I.e. do they represent a special feature of S&E careers? Or is that just what happens when you get older?
Anyway, like I said, I don't agree with everything Romer writes, but I do think it's important to understand what he's arguing so one can better understand the ideas behind The Gathering Storm and the legislation that's moving through Congress.
Geoff