As someone with a PhD who works in industry, that’s certainly not what I meant.
There is a massive, massive oversupply of PhDs. We can argue about the magnitude of the oversupply, but the reasonable range of discussion is between “huge” and “gigantic”.
There is almost no competition to hire them, as far as I can see.
Maybe top-flight CS PhDs from Stanford, I’d believe that. But your average biology or chemistry PhD? Every single one of them that I know struggled mightily in the job market.
You can be a high-school teacher in your subject for example.- I don't think we have a shortage of teachers! Or you can work in industry.
Not everyone does a PhD in order to get onto a tenure track at a college, which is what I think you meant.