Re:US colleges struggling with low enrollment are closing at...
by michaelt on Tuesday January 14, 2020 @06:28AM
(#22043807)
This is correct, there are a lot more funded PhD places in engineering and science than there are in the arts and social sciences.
Of course, an economist would point to the 'opportunity cost' [1] - if you leave a job paying £30,000 after tax to take a PhD with a tax-free stipend of £15,009 the 'opportunity cost' of doing a PhD is £14,991 a year.
Of course, an economist would point to the 'opportunity cost' [1] - if you leave a job paying £30,000 after tax to take a PhD with a tax-free stipend of £15,009 the 'opportunity cost' of doing a PhD is £14,991 a year.
[1] https://en.wikipedia.org/wiki/Opportunity_cost [2] https://www.ukri.org/skills/funding-for-research-training/