PhD Explosion: Too Many Doctors, Not Enough Jobs?

The number of PhD graduates globally is booming, especially in countries like China and India. However, academic jobs are failing to keep pace, leaving many with degrees struggling to find relevant employment. While graduates in STEM fields often find suitable roles and report high job satisfaction, those in humanities and social sciences face greater challenges, highlighting a growing mismatch between PhD training and the needs of the job market. This raises concerns about the future of doctoral education and the need for reform to better align with societal and labor market demands.