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phd

Several times per semester an article gets forwarded around amongst the students in my PhD program with a message that is some variation of the following: Doctoral studies are pointless. Needless to say, these are depressing, discouraging reads for those of us already pursuing advanced degrees. I enjoy being a PhD student.
The economic returns and employment situation of higher educated persons in Canada -- as compared to U.S. and other OECD countries -- are disturbing. PhDs, even after five to six more years of schooling, earn only 8 per cent more than Masters. The logical question is why does Canada produce PhDs in numbers far more than can be gainfully employed?