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OK, but is there a demand for so many PhDs? Having a PhD doesn't really guarantee a good income now. It will be worse once everyone has one. This makes sense,

• brokenmasonjars 10y ago
  It's not about the demand so much in my view. Post graduation, people move onto research. The site Innocentive comes to mind sort of in regards to developing a form of compensation. Rewards for discovery. Nature had a partnership with that company for a bit but I believe they went separate ways. I think the funding issue can be figured out without higher taxes or at the very least without absurdly higher taxes. Perhaps one idea would be to train people to invest through grades 9-12, have some sort of basic minimum income which isn't rich but isn't below poverty either; encourage people to invest with those funds and use profits to pay for college etc. I also sort of align with Jaron Lanier's concept of paying people for their data usage; but built onto that maybe so that it includes both government and private companies usage of that data; individuals don't see those funds until 18, from which they are encourage to go to school. As those funds are held they are invested like social security maybe? None of these ideas are really all that worked out just yet, just responding to you is all.