GP If supply and demand worked, there would be no PhDs graduated in the next 10-15 years. The distortion is in the self-serving economics of PhD programs, mostly in humanities, abetted by "free" student loan money and borrower/student stupidity.
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"Abetted by" is putting it too mildly. "Completely powered by." Easy credit is behind every bubble. The education industrial complex have got themselves a money printer.
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