Attitudes about graduate school are changing. 16 years ago
The problems are severe and fairly widespread across academia, although the liberal arts (including the sciences) may be worse off than professional programs (with the exception of law, which also suffers from degree overproduction and a tight job market).
Here is a view from the world of chemistry:
http://pipeline.corante.com/archives/2011/01/07/the_phd_prob...