I love history. However, even back when I got my BA in 1979, earning a living in academia struck me as a shaky proposition. I therefore ran off to law school and I never looked back. Judging from Youtube videos posted by disgruntled grad students, I think I made the right choice. (Not that law school doesn’t pose monumental problems of its own, currently, especially the incredible cost, averaging around 100k. I have several posts on the blog The American Catholic on that subject.)
The Simpson’s say it all as to the consequences of producing at least 5 Phds for every 1 academic position, and my generation, the baby boomers, seeming to wish to hold on to their professorships until the Grim Reaper takes them to the groves of academia in the hereafter: