I know things were terrible for everyone during the dot bomb era, but just wanted to say that PhD holders often have a hard time finding the right position even

I know things were terrible for everyone during the dot bomb era, but just wanted to say that PhD holders often have a hard time finding the right position even in good times. They are highly specialized and believe they should command a high salary, but employers are resistant to paying a large premium unless their particular expertise serves their business need. Since PhD theses are by their nature esoteric, this leads to an unfortunate mismatch in expectations.