You're wasting your time

The Economist has a story on Why doing a PhD is often a waste of time that highlights many problems confronted by those pursuing a doctorate in the United States and around the world.

Academics tend to regard asking whether a PhD is worthwhile as analogous to wondering whether there is too much art or culture in the world. They believe that knowledge spills from universities into society, making it more productive and healthier. That may well be true; but doing a PhD may still be a bad choice for an individual.

It is well worth reading for those in academia or hoping to crack into the profession.