Don’t get a Ph.D. in the humanities, that is. Unless you fulfill one or more of the following criteria:
- You are independently wealthy, and you have no need to earn a living for yourself or provide for anyone else.
- You come from that small class of well-connected people in academe who will be able to find a place for you somewhere.
- You can rely on a partner to provide all of the income and benefits needed by your household.
- You are earning a credential for a position that you already hold — such as a high-school teacher — and your employer is paying for it. [link]
A great article in The Chronicle of Higher Education by Thomas H. Benton, which happens to be the pen name of William Pannapacker, an associate professor of English at Hope College.