Perhaps graduates with PHD's will struggle to get university teaching jobs which pay $8.50 and hour, and never have much of a hope at the good tenured professor

Perhaps graduates with PHD's will struggle to get university teaching jobs which pay $8.50 and hour, and never have much of a hope at the good tenured professors jobs. Or perhaps graduates won't get jobs at all and the tax payers or parents will be on the hook for the student loans.