interestimg article, but quite depressing. the question is, if PhD programs were nothing but a waste of time and money, why on earth are all those students doing PhD? i'm not going to change my mind after reading this article because I know what i'm doing. the article is heavily generalized and is not true for all PhDs. even the writer agrees that PhDs in biosciences end up better than others. so, no worries! and I think all those people who drop out or don't complete their PhD do so because they aren't motivated enough to complete their degree or they join PhD programs just because they think they have nothing else to do except keep going to school. and they quit once they get tired of it. if you are determined, know what you are doing and what you want to do as a PhD, i bet you'll do fine.