I love teaching (but then, I learned from the best), and love my research - it's trying to do both all the time that I am finding taxing.

I see physics as a "liberal" education in technology. It prepares one to understand much of modern technology, and in the sense that a liberal education prepares one for life but not for a specific role in life, physics gives one access to the world (should I say the universe?) in a general way that goes beyond preparation for research or an academic or industrial career. The physics curriculum develops curiosity, observation, reasoning, mathematical analysis, verbal and written discourse, etc., and these can be applied to writing, teaching, business, engineering, research, diplomacy - to any endeavor.

My point is that the baseline skills for success in industry (I believe) are common sense, good communication skills, a reasonably broad background in science and decent computer skills. There will always be a market for bright people who satisfy these criteria, and a physics degree is a big plus for the applied science shops.

I can't speak highly enough of the broad-based physics education I received at HMC. I have done a lot of things over the years, and virtually all of them were made possible by my physics education. Yes, a job after graduation is important, but the broader your education, the more likely you are to be able to keep up with the rapidly changing times.