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Re:Interest surges in top colleges, while struggling ones sc... by Camillo on Tuesday February 23, 2021 @02:13PM (#26241522)
But many of the PhDs minted at first-tier colleges have no career prospects but to teach at second-tier ones, and so forth. You need lots of students down the chain to keep them employed; it's basically a Ponzi scheme.

So you've got problems on two sides: lots of people getting into debt for no reason on one end, and lots of disaffected pseudo-elites on the other. A recipe for destabilization.

Re:Interest surges in top colleges, while struggling ones sc... by imtringued on Wednesday February 24, 2021 @08:52AM (#26249819)
Isn't a PhD a research degree? Isn't the goal of that degree to generate useful research? Yes, there are some (meager) employment benefits afterwards but the PhD itself is your academic career.