IMHO, virtue has no need of limits, but virtue is its own reward. Therein lies the problem in trying to make a living off of it.
I don’t think anyone deserves low pay. I don’t believe that there are many PHd’s who are indigent. I am sure more high school drop outs are. If companies are not hiring PHD’s then leave it off your resume. I have an MBA but didn’t include it on a job that I was applying for because I didn’t want that “over qualified” nonsense. The reason that companies don’t want to take folks with higher qualifications then they ask for is because they know most likely they will not stay with the company for long. Having a PHD is a benefit that they should embrace and use it when necessary. My only question is what are they going to do when everyone has a PHD? Are they going to start another degree program?
I hold a Ph.D. in Psychology, and the only time I came close to starving was while I was in graduate school and dependent on available assistantships. This experience (along with a couple of others) caused me to wise-up, and I structured my course of study to emphasize classes in the more applied areas of the discipline (statistics, survey methodology, industrial/organizational, human factors). As a result, I’ve made a pretty decent living outside of academia for the last 25-years.
Exactly. This is why the free market is so incredibly important. When I read this article, I also thought of the exchanges that Chris Christie had with teachers in New Jersey. The one made $86,000 per year plus premium healthcare and pension benefits for 9 months of work and thought she deserved more because she had her teaching degree and her job was “important” in her mind. If the market doesn’t determine your salary, political pressure will.
College education is not all that its cracked up to be. I’m not going to say its worthless but it could be a lot better. The rot is hidden by the fact that there are so many subsidies for college that its easy for people to go and waste time there learning irrelevant things.
As I posted in another thread yesterday.
http://www.freerepublic.com/focus/f-chat/2650612/posts
Wildly overeducated Mike Rowe gets it.
Book I begins with "Of the Causes of Improvement in the Productive Powers of Labour, and of the Order According to Which its Produce is Naturally Distributed Among the Different Ranks of the People", Chapter One "Of the Division of Labour" ...
Then, moving on, Joseph Schumpter's "Creative Destruction from his 1942 book Capitalism, Socialism, and Democracy, especially the impact on innovation to extant markets.
Today, there are no "free markets" - far to much government regulation and currency manipulation - just ask the Federal Reserve.
Book I begins with "Of the Causes of Improvement in the Productive Powers of Labour, and of the Order According to Which its Produce is Naturally Distributed Among the Different Ranks of the People", Chapter One "Of the Division of Labour" ...
Then, moving on, Joseph Schumpter's "Creative Destruction from his 1942 book Capitalism, Socialism, and Democracy, especially the impact on innovation to extant markets.
Today, there are no "free markets" - far to much government regulation and currency manipulation - just ask the Federal Reserve.
This is from an OWS rally in Denver, I think. Debt to banks is slavery but debt to the federal govt is freedom to these pukes.
I suspect that the increasing numbers of Masters and PhDs is due a lot to the poor job market. “Hard” major graduates (e.g., math and science) have high employment rates and get jobs upon graduation, but “soft” degrees seem to lead to joblessness and more schooling.
"...The ED 691E core includes a minimum of four weekend seminars selected from the following seven choices: Ableism, Anti-Semitism, Religious Oppression, Classism, Transgender oppression, Heterosexism, Racism and Sexism..."
American university students are the new sharecroppers in our nation. The university professors are the new plantation owners.
The glut of PhDs has been around since the 1950s. Universities, however, are more than happy to keep cranking them out, fully aware that almost none of them will get hired.
And ironically enough, even in an extremely tight market, this does not mean that universities only choose “the cream of the crop” in PhDs. Instead their hiring is often based on connections and political affiliation.
PHD = Piled Higher and Deeper