Also: it is school, not just a job. They are developing deep expertise and specialized skills. As a result, among other things, their earning potential tends to be significantly higher coming out of the PhD than out of undergrad.
The median wage number you cited is also for the total population. According to this graph the median wage for college graduates is around $7k/mo. I'm fortunate to make very good money but I'd still notice a $2k/mo pay cut.
I don't think the entire US matters for this point your trying to make. What are college educated people making in a city like Boston.
> What are college educated people making in a city like Boston?
Google tells me the median is 80K USD per year.And yes, that is "next to nothing" compared to the salaries they make now after quitting and just finding work. And their outlooks are in significantly better shape, whereas one friend was highly depressed before.
People can also develop "deep expertise and specialized skills" through their work, and network via conferences, generally paid by their employer. Well, if they can find a job as a junior nowadays.
I feel like PhD stipends are not a major problem. Like I got $40K in a low CoL area, but accounting for tuition and overheads I cost my advisor closer to $150K/year.
Now why are tuition and overheads that high is a reasonable question and it ties into inefficiencies in broader American administrative processes, but I cost society and taxpayers $150K/year, and that I'm doing it for societal benefit is honestly only partly true. The first 6 years was just me building real skills and letting myself be frustrated, and maybe in the last 1.5 years I did things that justify the $1M bill and more.
Even if I did eventually do things that justified the $1M bill, I think most students don't. The larger value IMO lies in a workforce trained in the failures and frustrations of grad school. While I could rattle of plenty of limitations of academia/grad school, I'm not entirely convinced that me being shortchanged/underpaid was one of those things.
Even more so for PHD work because the expectation is that after the training you will produce many things that make the cost of training you essentially negligible.
But it’s crazy to complain about getting paid to go to school. A grad stipend is there to minimally support you so you don’t have to get another job and can focus on your research. It’s not supposed to be a career!
If they pay their grad students, then at least the time the grad students spend creates enough value to offset the cost of paying them.
If not, stay far away from the program.
Also, regarding the career comment: If graduate school is not at least the first step in a given career (it should the second, undergrad being the first), how/why do you expect gifted intellectuals to spend their prime wage earning years doing it?
Most people do not have access to enough wealth to spend prime wage earning years toiling to help someone else’s career with no return on investment.
My then-partner was part of the strike. One of the strike demands was higher wages as teaching assistants. And while I worked 40 hours a week, for $11/hr, I made considerably more and worked fewer hours than her. She put in probably 30 hours a week just on her teaching load, plus an additional 30 hours split between explicit course work and dissertation work.
It's crazy that a job that requires excellent marks while completing a 4-year degree pays worse, has worse working conditions, and is considerably more competitive to get into than a job selling office supplies.
One of the other things the grad students were demanding (which they only sort of got) was paid parental leave, because they did not fail to notice that most of their professors were in their late 30s or early 40s before they could afford to stop work long enough to start a family. It was very rare for two academics to have children together, because of the heinous, career ending financial cost to having children when you were young enough that their high school graduation date was before your expected mortality.
Grad students should be paid for their work as well.
Don’t want to deal with the machinations required? Opt for the masters track or just get an Undergraduate degree and spend 20y working your way up.
MDs and JDs are professional professional qualifications, which makes their situation a bit different from purely academic degrees. For example the ABA acts kind of like a cartel.
I don't think I disagree with you, by the way. I'm just more unhappy about it. All of these sclerotic, even corrupt, institutions acting like aging vats for talented youth, all to exclude newcomers and to maintain hierarchies...they're not ideal.
If you need a source; here is one: https://fulbrightscholars.org/sites/default/files/2024-07/US...
“LL.M. programs are usually only open to those students who have first obtained a degree in law, typically an LL.B. or J.D.” https://en.wikipedia.org/wiki/Master_of_Laws
It’s generally for people who want to hyper focus on one area of law or switch countries.
Most of the other comments are basically saying this ("the pay is too low for too long for not enough reward").
Anecdotally: I'm teaching a course in "How To Be Successful In College" (not it's real name) at the US community college where I teach Computer Science. I've got more than 1 student who are going to get a credential for nursing because there's just no way they can spend 8-10 years in school to become a doctor.
Would they be good doctors? The question is moot because it's never gonna happen.
I can never tell if I'm pissing off [professionals] or third-parties invested in the idea of [profession] not being dysfunctional.
Best medical system in the world, except for all the others.
plus 10-15k hours of school, residency, etc give-or-take. Let's give credit where it's due.
If you have an advanced CS degree, and I come to you with a complex issue concerning my desktop, and you spend 15 minutes filling out a digital intake form, 2 minutes tapping the tower, and finally tell me to power cycle whenever it comes up, I have every right to call you no better than a Geek Squad agent.
Let's be less pompous and let conduct speak for itself. If you're a skilled and highly-trained professional, demonstrate it. No credit for phoning it in, no credit for limiting your level of consideration and attentiveness to what a nurse is capable of. You're not owed prestige.