Yes, go for it. When I was a graduate student in the early 1980s, English professors told me not to go into English because there were no jobs. Yes, they actually counseled me to drop out of the program. When I finished my Ph.D. in 1985, I had so many interview offers I could not respond to them all and have always had work since then. If you do what you know you need to do, it will work out.
dwl
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