This is pretty bad, but what's even worse is how being an adjunct professor (because becoming one is one of the reasons why people go to grad school) has turned into an exercise in futility:
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If you're going to get a graduate degree, I would think that you have a pretty good job lined up already. If not, then why bother incurring the terrible costs? To become a professor somewhere? Guess what--that's like starting a band and hoping people will pay for your music. It ain't happening.