<p>What higher ed bubble? The idea that everyone has to get a 4-year degree to be successful? I hope that pops sooner than that. There are a lot of people who go and get a 4-year degree for jobs that only need a 2-year program but they went for the 4-year program because that is what you are “supposed to do”. It is silly and just puts people into a lot more debt than necessary.</p>
<p>Otherwise, I would say that this issue has nothing to do with whether or not the OP wants to get an academic position or not. Even if the above issue solves itself in the near future, there will still be a market for professors, particularly in STEM fields (though whether or not a shortage of STEM-trained workers actually exists or not is another story).</p>