alt Hacker NewsTaking a longer time to graduate to become the “world expert” in their field is fine if grad students weren’t paid next to nothing for the 60+ hours a week that they are expected to work. As it is now it’s better to finish as quickly as possible so they can have a real life.
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As someone who graduated with a 7.5 year long PhD last month,
I feel like PhD stipends are not a major problem. Like I got $40K in a low CoL area, but accounting for tuition and overheads I cost my advisor closer to $150K/year.
Now why are tuition and overheads that high is a reasonable question and it ties into inefficiencies in broader American administrative processes, but I cost society and taxpayers $150K/year, and that I'm doing it for societal benefit is honestly only partly true. The first 6 years was just me building real skills and letting myself be frustrated, and maybe in the last 1.5 years I did things that justify the $1M bill and more.
Even if I did eventually do things that justified the $1M bill, I think most students don't. The larger value IMO lies in a workforce trained in the failures and frustrations of grad school. While I could rattle of plenty of limitations of academia/grad school, I'm not entirely convinced that me being shortchanged/underpaid was one of those things.
I worked a ton in grad school, and it definitely sucked at the time.
But it’s crazy to complain about getting paid to go to school. A grad stipend is there to minimally support you so you don’t have to get another job and can focus on your research. It’s not supposed to be a career!
Most applicants know that that outcome is antithetical to pursuing a PhD. It's common knowledge that a PhD involves 5-7 years of academic work (read: low pay) in pursuit of becoming an expert in a specialized topic. You don't enter a PhD program expecting to immediately make money or to graduate as soon as possible. It's not a coding bootcamp.
Isn’t this sort of how all terminal degrees work? MDs, JDs, etc are all putting the candidates through the wringer, for relatively low wages, until they’re “experienced”. I’m not saying it’s right, but it’s common knowledge it’s the way things work if you want to have those magic letters of a terminal degree next to your name in your email signature.
Don’t want to deal with the machinations required? Opt for the masters track or just get an Undergraduate degree and spend 20y working your way up.
To make "next to nothing" concrete: MIT EECS PhD students are currently paid about $4700/mo. This is substantially less than they'd make in industry, but it's around the US median personal income across all working-age adults, and well above the average 24 year-old. They frequently make a substantial extra at summer internships, putting them well above US median in the years when they do.
Also: it is school, not just a job. They are developing deep expertise and specialized skills. As a result, among other things, their earning potential tends to be significantly higher coming out of the PhD than out of undergrad.