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Physicians are unhappy these days, with 9 out of 10 telling young people "Don't go into medicine." Even in the best of times, the medical profession is notorious for lack of work/life balance.
Lawyers are overpopulated. Just last week, the New York Times ran an editorial that wondered whether low-tier law schools should close.
Journalism is in crisis, having greatly contracted with the decline of newspapers. Even in the best of times, it never paid well, and could also be quite dangerous.
The arts have long been notoriously difficult ways to make a living. They're much like getting a degree in my field, astronomy: relatives want to know, "What are you going to do with THAT?"
The military comes with the risk of grievous bodily and mental harm for someone else's economic interest. Even in peacetime—Remember that?—all the moving is hard on families.
Engineering, accounting, business, and finance are all noted or their dullness. The older ones gets, the more obvious it becomes that life is more than a pile of pay stubs. As far as economics goes, there's a reason it's called the dismal science.
K-12 teaching comes with poor pay, little respect, and should come with hazardous duty pay, these days. Just not going to college and living as a working-class person pays even worse than it used to. And no, it's not so easy to go back to making a living at farming.
Pay and working conditions for scientists have steadily declined since September of 1969, and all the while over a chorus of politicians and university administrators that "America faces an imminent shortage of scientists." Anytime I am treated to this, I don't hesitate to scream back, "Then WHY is it so difficult to get a job as a scientist?! Why do we have to traipse around the world as postdocs, moving every other year for 6-10 years, which is real hard on families, with all the moving of the military and NONE of the security? DO YOU EVEN KNOW WHAT A POSTDOC IS?!?!"
And of course, pay and working conditions in academia aren't what they used to be. If you have any doubts, see this blog, not to mention "100 Reasons NOT to Go to Graduate School."
It may be an oversimplification to tell a young person, "Do what you love." Better advice may be, "Do something valuable."
Q: What fields today CAN I recommend for a young person? Aside from making money the old-fashioned way and inheriting a billion, of course.