Throughout the last decade, Ph.D. recipients were accustomed to a job market in which demand for their services far exceeded supply. During the same period, manpower experts predicted this situation would continue in the foreseeable future. However, when the 60's ended, the employment illusion had been rudely dispelled by frantic reports of a "glut" of Ph. D.'s, near hysteria at professional conventions, and anecdotal references to scientists and scholars reduced to hand-labor to earn a living. This paper presents analyses of the current situation, the causes of the current situation, and future prospects for Ph.D. candidates. (Author/HS)
