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<p>A few years ago, I worked at a company that employed several people with Ph.D.s to do work that did not actually require a Ph.D. In all instances, these people would rather have been somewhere else, doing something else, but for one reason or another, they could not find more appropriate jobs. </p>
<p>The people with Ph.D.s were mostly unhappy with their jobs. The other people doing the same jobs were a lot happier.</p>