PHD doesnt equate to a easy job find either, its pretty difficult if not very hard to do. in my state school i had department head reviewing 30+ prof/adjunts candidates in that semester alone. when i was going to research talks, one of them said the DR(who had come to our uni to give research talk about a subject he was doing) had written 40+ PAPERS before a employer was interested in hiring them. then theres the issue with that too, the quality of papers are dismal and then the profession itself.