I recently completed my PhD in computer science and hit the job market. I did not think I would have difficulty finding a job esp. with a PhD in computer science but I have had no luck so far in the four months I have been looking.Education is sold as a benefit by people who work in education. The benefit from people buying more education, so this really isn't a surprise. But just like with a car dealer, expecting them not to try to upsell you to a more expensive model is like expecting a compass to point someplace other than north.
But the marginal return on a dollar of education is not linear. Our hero in this story is finding out that the marginal return on his PhD investment is negative.
Now where have we heard that before?