What's wrong with this? Right now universities produce far more Phds than tenure track positions. If the free market is providing jobs for many of them, all the better.
The head of the CS dept of my undergrad once said to a corporate recruiter, "You can hire our undergrads, but we exist to turn them into Phds"
The head of the CS dept of my undergrad once said to a corporate recruiter, "You can hire our undergrads, but we exist to turn them into Phds"