Professor Claire Potter at the Tenured Radical has some sound advice regarding the value of graduate school, especially in an economy that seems increasingly unfriendly to students who climb higher into academia, only to find that the job prospects at the top are less than encouraging:

The thought that I was sending more unlucky holders of the B.A. down the chute to the slaughterhouse of graduate school raised this question for frustrated job-seeker and blogging comrade Sisyphus. “Do you ever feel like you shouldn’t be sending students on to grad school and contributing to the whole PhD ponzi scheme?” asks this industrious young scholar, who applied for over 60 jobs this year, fifty of which have fallen to budget-cutting. “Esp. when there are all these dire predictions about even undergrad degrees becoming priced out of affordability for the middle class? I‘m trying to get an academic job right now and bad as this year is compared to other years, people keep telling me it will just get worse [from] here on out.”

I guess my first response is no, I don’t feel bad about it, because all education is useful even when you can’t extract profit from a degree in the way you originally planned to do so. And my advice is to stay away from these doom-and-gloom types who tell you your life is over without suggesting any viable alternative, particularly if they are members of your dissertation committee. They are only bringing you down at a time you need optimism more than ever…

Read the rest at the Tenured Radical. Also, some suggestions on how to make the grad school recommendation process easier on your professors.