In today's global economy, so many people are pursuing PhD degrees to improve their job prospects. However, it's caused unintended consequences, since so many job seekers are already PhD degrees' holders, and hence their certifications are growing more irrelevant.
Nevertheless, economic conditions have created a grave predicament. While having a PhD has decreased in value, it's now much riskier not to have a PhD. But that's only if you intend to work in the white collar field.
A Higher Education expert based in Europe contends that there's a better solution for aspiring PhD candidates. He advises them to keep their current jobs, while applying for Higher Education programs Online. This would be a 'win-win' scenario, since they can earn a paycheck, spend time with their families, and study within the comfort of their own homes.
He provides related links as listed below:
International Conference on Professional Doctorates