It's also learning to manage how to live on a criminally low salary. If I were to give advice to my kids, that would be a resounding - don't get a PhD. You can

It's also learning to manage how to live on a criminally low salary. If I were to give advice to my kids, that would be a resounding - don't get a PhD. You can do research in industry while getting paid extremely well and most likely your work won't go waste. The only problem is that industry only hires PhDs for serious research - this needs to be reformed. There should be a possibility of allowing non-PhDs learn the process of research while they're working there.