Grad school is not a career booster

A frank article here on why grad school is not really a worthwhile option during a recession. Not fully focused on the science PhD tracts, and more targeted to people considering professional grad schools. Still worth reading, especially this little gem:

PhD programs are pyramid schemes
It’s very hard to get a job teaching at a university. And if you are not going to teach, why are you getting a degree? You don’t need a piece of paper to show that you are learning. Go read books after work. Because look: In the arts, you would have a better chance of surviving the Titanic than getting a tenure-track position; and once you adjust for IQ, education, and working hours, post-PhD science jobs are among the most low-paying jobs you could get.

If you do have the time, do follow this link that goes through the reational behind the comment of why post-PhD science jobs are low-paying, not that any of us ever really doubted that.