Not obviously, though most people I knew were in reasonably well funded departments/programs, and at any rate they were unionized well before I got there, so I wasn't around to observe any changes.
For what it's worth, I'm not convinced that the research pipeline isn't already overfull. The tenure track shouldn't be the goal of all incoming graduate students, but I think the increasing length of postdoc positions, the massive oversupply of adjunct professors, and historically low rates of grant funding are hints that there's something wrong.
