A PhD in economics
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The Bull Market for Economists Is Over. It’s an Ominous Sign for the Economy.
Earning a Ph.D. in economics has long been a reliable path to affluence and prestige. Not anymore.
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Like any market, there are ups and downs. Most universities are facing extreme uncertainty about their future revenues. Many have paused hiring, except in exceptional cases of department need. This applies to economists as well as English professors. Many regular businesses are feeling the same uncertainty, so they are likely holding off on adding high priced forecasters/analysts, like PhD economists.
Getting a Ph.D. in any field is a long term investment, and it's one driven by preference over lifestyle more than $$.
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Yea, the article talks about other disciplines being impacted, too. And businesses. I think it's the suddenness of the changes and the broad impacts that are the takeaways for me. edit: But the suddenness is probably more in my head. Like the article points out, some of these trends have been observed for some time.
