Today's link is to a pretty grim set of statistics, set up as an infographic to make the Big Data palatable, even if the message isn't.
If you get a Ph.D., no matter how great you are at what you do, the bald truth is that you may not find a job--at least, not a fulltime job--doing what you think it is you love. English professors are not in particularly high demand. In fact, there are a lot of us out here who love to read and write--and will work for pennies on the dollar that scholars in other fields earn.
If you really want to go to grad school because you think it will get you a job in academia--do your due diligence. At the very least, go into the degree program with your eyes open, and think about some different options (not just professor) as your possible end goal.
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