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> USA universities are just another business The vast majority of US colleges accept government grants and don’t pay taxes. So it is reasonable to hold them to
by Matthias1 5y ago
> USA universities are just another business
The vast majority of US colleges accept government grants and don’t pay taxes. So it is reasonable to hold them to a higher standard than a normal business.
- throwawaygh 5y ago> So it is reasonable to hold them to a higher standard than a normal business. One important practical difference is that Academia doesn't pay its individual contributors even close to market rate. When I started my PhD, I had seven job offers. Five were PhD programs, and the pay ranged from $25K to $40K or so (but the $25K option paid better than the $40K option because of CoL). The other two were in finance and tech, and paid $200K and $150K respectively. I wouldn't ever have taken a PhD job if I didn't own the IP I generated.