For most people, getting a PhD is a bad idea. The odds that all that time and effort will pay back is small in most fields. Of course, it depends on the field

For most people, getting a PhD is a bad idea. The odds that all that time and effort will pay back is small in most fields. Of course, it depends on the field and what you plan to do with it. I have a PhD in computing, and I'm glad I do. But it is definitely not for everyone.