3 ms·

I think you just explained the cause. The demand for a US PhD is higher than a European one internationally. Supply and demand. Edit: downvoted for stating a

• fooker 4y ago
  You are right, a US PhD degree is in more demand in general. There is a reason our economic systems are not pure supply and demand though, because in that case workers/environment eventually end up being exploited. The US would look very different without minimum wages, environmental protections, and a bunch of other regulations which limit supply and demand based exploitation.
  • cscurmudgeon 4y ago
    Agreed. I am just describing reality not what it ought to be. Also, supply and demand is universal and incentives for exploitation by suppliers increases when demand increases.