Not every Ph.D. student aspires to a career as a tenured college professor. But in plenty of fields, particularly the humanities, spending your life buried up to your elbow patches in books and papers is the gold standard of success. So while breaking down the National Science Foundation's data for my last two pieces on the job market for doctorate holders, I took a bit of time to look at just what fraction of new graduates were landing jobs in the academy.
The good news? The numbers have only dropped a few percentage points in 20 years. The bad news? They were pretty low to begin with.