These kinds of things are daily discussions in laboratories all over the world. Everyone knows there's no future in academia, and so everyone is looking for an exit plan. I actively discourage people from doing a PhD. Academia is a horrible feudalistic system that doesn't pay well enough to keep the bright minds it attracts. There is no sense in being a post-doc for life. Much better to take that hedge fund job.
The really concerning potential consequence of this is that it could result in a dearth of innovation in cures for diseases, and we won't see the affect of losses until 5 or 10 years down the road. No one will fund a biotech startup that's not backed by MDs or PhDs and academia-approved proof-of-concept results. Good luck getting that when everyone is running for the lifeboats.
The really concerning potential consequence of this is that it could result in a dearth of innovation in cures for diseases, and we won't see the affect of losses until 5 or 10 years down the road. No one will fund a biotech startup that's not backed by MDs or PhDs and academia-approved proof-of-concept results. Good luck getting that when everyone is running for the lifeboats.