Michael McGrorty turns his attention to one of my favorite library topics: the myth of the impending librarian shortage. Worth reading all the way through the comments.
A common complaint among current and former students is that they entered library school with the expectation that jobs would be not merely available, but plentiful. This information did not rise into the consciousness of thousands of people independently, but came for the most part from the schools themselves, and if not, was certainly not contradicted by them. Now, when the market is shrunken, the members of that loose cartel continue to accept students and produce graduates at a pace which ignores the reality of the market—because there has never been a penalty for encouraging the dreams of library students, and because, after all, that is their business.