Don't most of us think, "Duh?" to an article proclaiming that getting/being a PhD in Literature is hard and mostly pointless? Upper level education costs a lot of money and involves years of time, don't these people think about what they want to do with their lives? Don't they do at least cursory research into what that degree will mean to their careers? Every high school has some sort of career counselor. Colleges h…
We should, but too many people don't and keep going into academia anyway (I was one; everyone thinks they're different, but I can at least say I had some ulterior motives).
For at least a decade, lawyers and law students have been arguing that law school is a bad deal, and it really took until 2012 for that to sink in. I think we're seeing a similar process unfolding around grad school more generally.
Academic grad school isn't in most cases as pernicious as law school, because if the school is paying you, even some trivial amount, quitting after two years is easy, but many of the basic supply and demand problems remain.