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> A STEM PhD, after 10-20 years in tech or finance, IS an independently wealthy person... that's the whole point. Was an independently wealthy person, as the U
by jltsiren 4y ago
> A STEM PhD, after 10-20 years in tech or finance, IS an independently wealthy person... that's the whole point.
Was an independently wealthy person, as the US job market was rigged to favor upper middle class professionals. Nobody knows if that's going to be the case for the fresh PhDs entering the job market today. Those lucrative careers may be threatened by any number of reasons, including political pressure and/or instability, more PhDs entering the industry, increasing competition due to remote work, and AI.
- thwayunion 4y agoThis is a good point. I think there are still opportunities, and will be for the next 10 years, at least for good CS PhDs. Certainly not for all PhDs in all disciplines. > rigged to favor upper middle class professionals... remote work In the case of PhDs, it's exactly the opposite. Those jobs have very weak immigration moats compared to eg law, medicine, engineering, even software devekopment. The vast majority of phd students in CS are already non-residents and that's been true for decades at this point. For the same reason, PhD labor is probably the least effected by remote work.