Most graduate students do.
It projected a severe faculty shortage beginning in the late 1990's, especially in the humanities and social sciences. Others recall similar forecasts about a shortfall of mathematicians and scientists. But the optimism generated by those forecasts has disappeared, replaced by disappointment and even bitterness, in light of today's job market for new Ph.D.'s. Instead of a mushrooming demand, doctoral recipients are finding a shortage of tenure-track openings and a glut of candidates. The market has been bad for several years, they say.