Students often ask me about graduate school, a career in academia, and how long they should be in the market before pursuing alternative career paths. The answer I give them is that it really depends on your life circumstances. /1
@andimgladofit When I was in grad school the economists were most annoying. Showed up just to complain about $5 in union fees. $5 is worth the price of not being seen as a tool, even if you don’t think unions work.
Need to see data on who is dropping out because they can't afford the PhD. Or how many turned down the admit because salary was too low. Someone show how access would go up when the programs cap admits to like 20 students a year. And that that 20 won't drop once salary goes up.
This Harvard discussion about pay and access kinda doesn't make sense to me when there is like a 5% admit rate (or something low). Sure, pay a fair wage. But access? The ones that can afford it aren't complaining. And those who are got in without consideration of pay.