My dad got a chemistry PhD in the mid 1950s. He said that by that point, it was already widely known that most PhDs would have no chance of landing an academic

My dad got a chemistry PhD in the mid 1950s. He said that by that point, it was already widely known that most PhDs would have no chance of landing an academic position. He went into industry and had a good career. I got my PhD in physics, in the mid 90s. Same story.