>> Many of the doctoral candidates I knew in school couldn't find positions in academia because of market saturation. The situation is now drastically differen

>> Many of the doctoral candidates I knew in school couldn't find positions in academia because of market saturation. The situation is now drastically different compared to say 40 years ago. That is why so many PhDs leave for industry to be better paid. The latter is possible for CS guys but in other domains the situation is pretty bad since they don't have easily accessible highly paid industry jobs.