Some background:
I have practically two PhD offers on the table (well, I have to apply as its "the way of things", but they were both personally suggesting me for this) and have two masters degrees.
I am 40 years old, I live in Northern Europe, and my field is nutrition. I have had some years of working in academia and already have some publications, but I have never been in an employer/employee relationship that is financially rewarding and offers me work/employment-security. The offers to continue my education and become a PhD have always been the expectations of my supervisors - even after I expressed my reluctance (repeatedly). Because my field is very small, I don't want to go into further details than this.
My problem:
I am greatly disappointed in how the financial situation is handled by the academic institution in general, and how all the work for achieving a higher education is not paying off in any of the aspects I had expected (financially, greater job security, work benefits, stability, intellectually, and personally rewarding). Other people with bachelor degrees earn more than working in academia, they enjoy free time and personal growth, they are financially secure, which lead to even higher salaries.
I feel the pressure of my age and that I have not been able to make any adult financial long-term decisions/plans and been dependent on my partner, student support and sporadic part-time work in entry level jobs. I have even been presented with the fact that many of my field-colleagues do free work because it is expected. In my opinion, this just undermines the whole field and gives the general view that if you demand a salary or a raise in your quite small salary you are not considered for continuation of contract. Furthermore, the way funding works here is never really spoken loudly about, as with quite a few of the possible foundations to apply for, you will basically have to forego all/most your social rights that is granted to any other employee in Northern Europe. The other thing about funding, is that in my experience it's never granted for the entirety of the project from planning - participants/data collection - analysis and publications, but often only until data is collected and then you have to apply for more. I find this whole ordeal to be quite questionable ethically, but somehow none of my supervisors or colleagues wish to discuss this.
My attempts of finding employment in the private sector, or in the public sector (just not academic positions) have not been fruitful because of the nature of my expertise and experience. I have often been told that "You are too skilled for this xx position". And no, as I anticipate anyone suggesting this: Working with a specialized psychologist on work-life did not lead to success either.
Does everyone else in academia just live like this, from funding to funding, having to scrape by and only occasionally been in the position to feel a tiniest bit more affluent?
I did not go into higher education to be constantly stressed over if I would have any work to go back to once the timer on your contract is out, have my sense of work ethics be shattered every time that funding ends before project completion, or having to stress with winning the constant popularity contest. No matter how good and skillful I am, it has not been taken care of by the employer by incentivizing my continuation to keep the intellectual and softer assets in-house, it is just expected of me (= they hand me PhD projects to apply for, or don't bother to come back).
Nor did I go into it for becoming rich. I only wanted a safe economical future, a stable work place and a knowledge that I had the long-term ability to provide well for my family while working with something intellectually rewarding.
What should I do?
I can't live this way any more, if described in its simplest terms it sounds very much like an abusive relationship. But I can't seem to be able to find any work outside of academia either. I don't believe that having a go at one of the PhD offers will help me out either, as I see many post-docs in my field have also only constantly repeated short-term contracts of employment.
Thank you for reading all this way.