As I hear more and more about the economy going downhill and universities stopping their job searches, I wonder : is grad school a smart decision? Should I look to do a Ph.D? I see a lot of very well-trained scholars looking for jobs, not feeling terribly confident. I heard on NPR about a former professor who helped these guys win a nobel prize with his research who now works at a car lot driving cars (not even a salesman). This doesn't exactly inspire confidence.
My major concern is finding funding. Whereas the sciences are still able to be funded by grants and such, what with their research being a bit more "tangible" and therefore immediately "beneficial" to society, the humanities seem to be taking a hit.
Though, I figure I have quite awhile before I'm going to be looking for a job myself. I have about 3 semesters left here, 2 more in an M.A., and probably 5-7 in a Ph.D. I figure if these economic woes are cyclical and Obama really is the savior of the economy, things should be settled out by then - but if they aren't..