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Sure, but does it make sense to speak of a “shortage” of Ph.d holders when shorter degrees with vastly lower attrition rates pay much more? The Rand institute,
by geebee 6y ago
Sure, but does it make sense to speak of a “shortage” of Ph.d holders when shorter degrees with vastly lower attrition rates pay much more?
The Rand institute, a historically very pro-immigration organization, published a paper concluding that the aversion to STEM phds among people with choice is rational and market driven.
I’m all for immigration, but I Am deeply against allowing corporations to coerce immigrants into a narrow set of career choices as a condition of living and working in the US.
- diebeforei485 6y agoI don't think it has ever made financial sense to do a PhD, except in "pure science" fields with thin job markets for those with only undergraduate degrees.
- geebee 6y agoThen why is congress discussing “stapling a green card” to PhD degrees recipients a way we wouldn’t for other immigrants? I’m not saying we should shut these People out, I’m asking why we force them to get these degrees as a condition of living and working in the US? This is all based on industry claims of a shortage, when all evidence points to long completion times, high attrition rates, poor pay, and dim career prospects as driving the low interest in these degrees.
- triceratops 6y agoI think the low pay and long hours during the PhD program are also a large contributor to that aversion. There's a ton of opportunity cost associated with it too.