Such news are no less than scary and disheartening for a (third world) programmer who is applying for a master's and then intends to do a PhD and enter academia

Such news are no less than scary and disheartening for a (third world) programmer who is applying for a master's and then intends to do a PhD and enter academia. My belief is there's always two sides of a coin, I hope I don't end up with a biased one.