If PhD programs are, truly, going to prepare students for non-academic jobs, they should, at minimum, stop sending signals—overtly or covertly—that non-academic jobs are inferior.
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One can dream.
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For people who are reputedly our best and brightest, there seem to be an awful lot who are very bad at forecasting demand and economic ROI
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Why would we prefer they go into academic jobs?
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I've worked, as a programmer, with people who have graduate degrees in software engineering. Trust me, you don't want them in the Real World.
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But who would grade papers and do research if each full faculty member didn’t have 4 grad assistants?
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There should be, what, 20 PhD programs in any given subject? 25? Faculty at other schools can still hire staff to soak up research dollars, just make them permanent positions.
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You can only perpetuate a market of underpaid & oppressed academic servants (grad student TAs, lecturers, people who do the research & write the papers that the tenured professors sign onto) by having a glut of disposable researchers & educators.
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Or what if a PhD was actually the required credential for most college teaching?https://www.lawcha.org/2017/01/09/decline-faculty-tenure-less-oversupply-phds-systematic-de-valuation-phd-credential-college-teaching/ …
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also a lot of second tier universities should just not have graduate programs at all....
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