And yet the system is set up for a time when every Ph.D. who wanted a job as a professor would get one. That ended in the 70s. Now you have people doing three p

And yet the system is set up for a time when every Ph.D. who wanted a job as a professor would get one. That ended in the 70s. Now you have people doing three post docs before giving up to go into industry as they could have straight after the Ph.D. which many would never have done if they’d known where they’d end up. And you have humanities Ph.D.s doing jobs that in no way require the training and social science Ph.D.s doing jobs they could have ended up in if they’d never gone to graduate school though it’s not quite as bad because at least they often end up getting jobs that require the six or so years of experience they spent in grad school, earning a lot less money.