Some people definitely think so. These types of articles crop up regularly. Here is a recent version of this type of analysis that re-appeared in Medium, but is originally from 2010. These are like the villain in a horror movie, every time you think he is finally dead, ominous music fills the theatre. The linked-to article has some aspects that set it apart, though. It provides a voice of faculty members, in addition to some short-writing gems. The quote below has both:
“Monica Harris, a professor of psychology at the University of Kentucky, is a rare exception. She believes that too many PhDs are being produced, and has stopped admitting them. But such unilateral academic birth control is rare.”