Honestly, the industry options for PhDs are pretty good in many fields. Certainly this is the case in economics. Moreover, the industry options continue to get better.
Salaries in industry are better both in level and in growth rate, there isn’t the up-or-out tenure clock, hours are better according to classmates of mine who went to industry, etc.
Government jobs are lower salary but lower stress and extremely secure.
I’m sure there will always be those who have their hearts set on the academic world, but for those who aren’t committed to that I can still recommend a phd pretty enthusiastically for the options it provides afterwards, certainly in economics.
Salaries in industry are better both in level and in growth rate, there isn’t the up-or-out tenure clock, hours are better according to classmates of mine who went to industry, etc.
Government jobs are lower salary but lower stress and extremely secure.
I’m sure there will always be those who have their hearts set on the academic world, but for those who aren’t committed to that I can still recommend a phd pretty enthusiastically for the options it provides afterwards, certainly in economics.