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There are two reasons why PhD holders have not much chances in job markets. First, PhD holders often expect a lot more money than M.Sc. or B.Sc. holders. Therefore, if the boss finds that the work does not need a lot of technical potential like research, then the one having M.Sc. will be more appreciated. The second reason is the following: a lot of employers in industries or companies dont have PhD. Therefore, SOME of them have inferiority complex if their employees are smarter than them.