Literature Scholars Face Steepest Drop in Jobs in Decades - Chronicle.com: "Those looking to land a job as a faculty member in English language or literature will have 22.2-percent fewer openings to look at during the 2008-9 academic year, compared with last year, the MLA projects. The expected number—1,420 jobs this year versus 1,826 jobs last year—is still above a historic low of about 1,000 job offerings back in 1993-94."
This is why I discourage my students from pursuing Ph.D.s in English. Time to think of alternate careers for all these wonderful literature scholars!
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