The American Philosophical Association first entered my life when I was twenty years old. I was finishing undergraduate school and had been admitted to a graduate school. I received a letter from them...
What did the letter say?. . . .
The letter was a sort of warning about jobs. I am sure it was carefully, and cautiously worded.
But I took it as a death sentence. I interpreted it as a message saying that at the end of my graduate career I would not have a job.
It was the bad old days, and an undergrad thinking about grad school had no reasonable expectation they could get a job at the end of a PhD. Back in the day, the APA took some reponsibility in making sure would-be grad students understood that.