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PhD Supply And Demand - What Is The Supply And Demand Of A Doctorate Degree - PhD Salaries And Jobs Video

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You often hear that there is an oversupply of PhD degrees and a lack of demand. Supply is the production of PhD’s that are granted. Demand is the extent to which firms and universities find PhD useful, and those with a PhD are employable.

This results in many people with PhDs have a difficult time finding a job. There appears to be a glut of PhDs.

However, the problem is likely not supply and demand but a problem of search costs, perception, and uncertainty of motives during the PhD.

Search costs. Search costs in this context are the transaction cost affiliated with searching for people with relevant skills.

Perception. Is often difficult to communicate exactly when a person is currently working on because they are at the cutting edge of science. Often, the PhD candidate themselves does not have a good grasp of their own skills.

Uncertainty of motives. Many PhD’s enter the market for many different reasons beyond employability. These different motives weaken the signal of the value of a PhD.

What can you do to improve your prospects?

1. Continue to be of service to others.
2. Be present at critical moments.
3. Do good research.

Check out:

What Are The Pros And Cons Of Going To Grad School? Thesis Help
https://youtu.be/DQeKDT2nS5E

How To Cope With Uncertainty During A PhD
https://www.youtube.com/watch?v=QvKl1EoNbUs

How To Have Enough Money To Survive During Your PhD - Financial Planning In Your PhD - Thesis Help
https://youtu.be/XnbVvzR8U2c

Academic Rankings, Journal Quality, Publish Or Perish, And The Academic Treadmill - Thesis Help
https://youtu.be/zJw9xGZgVg8


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