Demand for PhDs is uncertain in a changing market.
"For recent graduates who are struggling to beat hundreds of other applicants to claim a full-time post, the answer is fairly obvious. But for those in industry who are trawling this sea of talent, the issue is less clear cut. Many recruiters say that they are unable to find the skills they require in the traditional marketplace. Depending on your level of cynicism, this is either an honest assessment or an apologia for outsourcing farther afield".