Online PhD this week says that "as funding for higher education constricts, fewer tenure track academic positions for recent graduates are opening as universities increasingly turn to economically cheaper adjunct and part-time professors to instruct their ballooning classes." All the while, it adds, the US is producing significantly more PhDs than in the past. "The result is a job crisis for PhD candidates," Online PhD says.
An Online PhD infographic outlines the budget cuts in academia that led adjuncts and postdocs to be on the rise, as well as the consequences of those and other recent trends.
HT: @BoraZ