Is it not? I'd assumed that the dramatic increase in people with doctorates was simply a mix of the new era of practically unlimited student loans, university b

Is it not? I'd assumed that the dramatic increase in people with doctorates was simply a mix of the new era of practically unlimited student loans, university being quite enjoyable, and a desire to avoid entering into the 'real world.' It's not like people are planning to become academics, but by the time somebody completes a doctorate in e.g. sociology, they're gonna be buried in a mountain of debt with relatively few career options.