Read this at /. I guess it is not surprising that people would attempt to influence market forces to adjust the price they pay for labor. Increase the talent pool, and competition grows, lowering the price.
Cool idea. [please note that this is dripping with sarcasm … I am an avowed capitalist and do not believe that market manipulation is a good thing … the invisible hand as it were, has a tendency to respond to market forces]
We have seen this before though, in other labor markets. It was just as wrong then as it is now. It looks like YSN (the Young Scientists Network) is no more (well the version I knew, read about, fretted over in grad school more than a decade ago). But the problems it was attempting to address are the same.