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Even if we define "value" strictly in monetary terms (which is a deeply bleak outlook, but nevertheless) PhDs can be at once of great value and also out of reac
by jszymborski 2y ago
Even if we define "value" strictly in monetary terms (which is a deeply bleak outlook, but nevertheless) PhDs can be at once of great value and also out of reach for those without the access to the debt instruments required to pay for it.
Of course, much like life has value outside of the monetary, PhDs are a great way to enrich your life if you don't have to financially bury yourself in debt. Notably, this is the case for people who have the good fortune of being born in places with low tuition, like much of Europe and Canada. I pay $4K in tuition and make, after tax, not much less than I was making as a junior machine learning dev.
- lotsofpulp 2y agoI meant value as in not being able to achieve other life goals due to the pursuit of a PhD, of which many could be due to insufficient funds due to prospects of low pay and high volatility.