Great article. A friend of mine finally secured her first faculty position in English this summer; you need balls to slog through that many years knowing there's no guarantee you'll be able to find a job at the end.
On the other hand, if a person has an interest in grad school, I'd encourage them to give it a shot. At worst you waste a couple of years. Once you get out into the real world and start piling on a car, house, girlfriend, and then the 2.5 kids plus golden retriever, it becomes that much harder to go back and get that degree if you realize it was a path you wanted to follow.
On the other hand, if a person has an interest in grad school, I'd encourage them to give it a shot. At worst you waste a couple of years. Once you get out into the real world and start piling on a car, house, girlfriend, and then the 2.5 kids plus golden retriever, it becomes that much harder to go back and get that degree if you realize it was a path you wanted to follow.