This item from the Chronicle of Higher Education serves as an interesting commentary on the situation for jobs for people with advanced degrees. There have been commentators who have said it only made sense for foreigners to get a PhD in the US because the costs of obtaining the degree are so enormous. Now even Indian PhD candidates are having trouble justifying the costs of the degree, and they are having trouble finding jobs here when they do get the degree. The result is a reverse brain drain back to India, which has also been predicted by some of the same commentators. And I like the comment at the end by the guy who wanted a PhD in financial engineering and now can't find a job there.