I'd say the problem is there is simply too many people wanting to get a position compared to how many open positions there are. In my college PhD's are practica

I'd say the problem is there is simply too many people wanting to get a position compared to how many open positions there are. In my college PhD's are practically handed out in return for working on some projects which generate revenue for the Uni + doing the teaching assistant work. After that everyone goes back to the industry because it's practically impossible to get a professor title. And no one ever loses their job so there are more professors barely doing anything than those investing their life into it. They should make it so that you can only be a professor for max 15 years then you have to go. Use that expertise in the industry and let someone else try being a professor.