Job != research. Many people see a PhD as an indicator of "really smart person" (good for jobs!...maybe...until you have too many of them and they get bored or

Job != research. Many people see a PhD as an indicator of "really smart person" (good for jobs!...maybe...until you have too many of them and they get bored or act like divas), but it's more an indicator of an ability to do independent research (good for a very specific type of job). We are producing vastly more PhDs than we need for jobs that require the latter.