It's also befuddling why most faculty are able to sleep at night knowing they are at the top of a pyramid scheme. I just tell prospective students the truth. T

It's also befuddling why most faculty are able to sleep at night knowing they are at the top of a pyramid scheme. I just tell prospective students the truth. That the probability of being able to stay in academia is very low. That they are going to learn and do cool things, but if they end up in industry, this is not going to be valued much (generally true in my country, it's better in others). Those that stay know what they should expect.