<p>Salander, there is no such thing as a job market for PhD’s. There is a job market for PhD neuroscientists which is different from the job market for PhD botanists which is different from the job market for PhD statisticians.</p>
<p>Even a dumb old humanities major like me can read the job postings and articles at the Chronicle of Higher Education and realize that someone with a PhD in Theoretical Physics is not going to be qualified for the 12 available jobs as an Assistant Professor of Biology in North America.</p>