Thinking About Getting a PhD? Well, Think Again

I just finished reading this slightly depressing article in the latest edition of The Economist. Basically, there are too many PhD candidates, too few jobs, and the exploitation of grad students as cheap research and teaching assistants follows. Thus, the interests of grad students and those of universities are not aligned. Moreover, a PhD is probably worth less on the market today than it used to be, while a Masters degree comes close to the PhD in terms of financial remuneration. Admittedly, this might be a little less relevant for those of us pursuing a SJD/JSD, but it seems like this is only a matter of time, especially as the rate of JD/PhDs continues to grow. Check it out here.