Academia in a nutshell
(media.kotakuinaction2.win)
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It hasn't for a long time. PhD mills have been a thing since before most of us were born. It's different in STEM, but the rot is slowly creeping in there as well.
I have a graduate degree in STEM. It's not different in STEM.
Depends on where you go I suppose. I'm pursuing one, and the DIE shit is only starting. I'm hoping to be out before it gets really bad.
STEM has less die stuff, but degrees in STEM are basically worthless. They're just make-work projects to justify credentialism.