This is a fundamental supply and demand problem for history PhD degrees which is out of balance by at least a factor of 4 or 5. There is nothing anyone can do

This is a fundamental supply and demand problem for history PhD degrees which is out of balance by at least a factor of 4 or 5. There is nothing anyone can do to fix that, nor do I think we should (further subsidize tulips). Encouraging everyone to go to college who possibly can and to get a PhD is dystopian! The faster we correct the actual problem the better for everyone.