Doctorates Up, Career Prospects Not - Doug Lederman, Inside Higher Ed

Universities are awarding doctoral degrees at an accelerating pace, despite the fact that the career prospects of those who receive their Ph.D.s appear to be worsening. That dichotomy is among the starker findings of the annual data on doctorate recipients from the National Science Foundation, drawn from a survey sponsored by the foundation and other federal agencies and conducted by the University of Chicago's National Opinion Research Center. The data may for some reinforce the idea that institutions are turning out more Ph.D. recipients than can be absorbed, at least in some fields https://www.insidehighered.com/news/2014/12/08/number-phds-awarded-climbs-recipients-job-prospects-dropping