The educational aspects of a PhD, at least in my program, were essentially equivalent to the educational aspects of getting a masters degree in the same subject area. The difference between them was after you finished the educational aspects you were now expected to produce between 3 to 6 papers a year corresponding roughly to the important conferences in your field and get most of them published. Speaking personally it takes me about three to four weeks to write a good research paper assuming I already have the results, so I worked out at one point that I had about two weeks to generate meaningful work to write about if I was to publish to that schedule. It is impossible to do anything more than the famous Least Publishable Increment of Work in that environment, and as a result most papers in Computer Science aren't especially compelling. A healthier field (say, chemistry, physics, mathematics) has you write perhaps one or two a year, with actual data.
I'm sure that I am overreacting, but the suggestion that a PhD is the first and only time that you will experience original knowledge in your life seems quite smug.
But I don't see any place where Dr. Might suggests that it's the _only_ experience that can lead to original research.
I think a PhD is definitely one of the only experiences where upon completion you are required to have contributed to the world of original and new knowledge in some way, though.
However, original knowledge is one of the core tenets of an academic doctorate after all, and it's certainly one legitimate avenue towards original research and knowledge.
I don't know... If I spend up to 7 years of my life studying and researching my ass off to become one of the foremost experts in a specialized field, then it better have more benefits than just personal satisfaction.
A fantastic job with good living arrangements do not require a Ph.D.
I respect your desire for more money in exchange for more commitment, but we should also recognize that money is but one of many motivators, all of which are ultimately in the service of increasing personal satisfaction.
The only kind of benefits any job can have is subjective "personal satisfaction". The degree to which any particular objective result of employment (e.g., material gain) is an important factor in producing personal satisfaction, of course, varies from person to person.
I could have gone academic, in fact I could toss it all away and go academic right now. However ... I would never voluntarily make my wife and kids suffer like that. Maybe after I retire it would be safe to go academic.
It boils down to you might be able to fire me up enough to eat ramen and live in a cardboard box because of topic X, but I'd have a hard time looking my kids in the eye and telling them they'll never eat anything better than ramen because dad likes topic X more than them.
That's the screwed up nature of the system. "Everyone knows you HAVE to take a vow of poverty and give up your private life to advance science". Oh really, and why is that? Why isn't it "Everyone knows you HAVE to take a vow of poverty and give up your private life to stamp license plates, but if you wanna be rich go into academia..."
You might have selection bias. All the pro athletes I know of, appear to be financially healthy. That doesn't mean pro basketball is a great plan for kids, given the evidence that 99.99% of kids who want to be pro basketball players end up doing something else, something much less profitable than NBA star... I would theorize this is directly analogous to going into academics.
The winners win. Turns out that winning is, in fact, pretty fun. The losers, well..., that's most of the them, but we're not going to talk about them.
Where did you get the magic number 7 from?
It is possible that others have different considerations?
I don't earn a huge amount, but I have a fantastic job, I live in a wonderful place about 5 minutes from my office and doing my Ph.D. was the best thing that I ever did.
I agree that you don't need one, and many people with one that I have met and employed are fairly hopeless (in comparison to razor sharp and super talented B.Sc. folk) but babe, if it floats your boat go for it.
Don't listen to the haters!