HIGHER EDUCATION BUBBLE UPDATE: Academia And The People Without Jobs. “Me, and thousands of others learned that lesson the hard way. We spent about a decade learning how to become academics, only to realize the dream has already passed. We’re all trained for positions that don’t exist. We’ve been prepared for a way of life that is rapidly vanishing before our eyes (the secure, tenured academic). We go into debt because of a strange ‘loyalty oath to an imagined employer’ (as Sarah Kendzior recently put it) that certainly doesn’t come knocking the day you graduate. We’ve been had. And we walked right into it.”