Comment Re:Let me let you in the secret (Score 1) 82
The job market for PhDs is heavily dependent on the field, at the PhD level there is heavy labor specialization. Humanities PhDs seek academia because often times its their only option. Most STEM PhD candidates I have met were ready to get the fuck out of academia (for many of the reasons you laid out) and move into high paying positions in industrial research. Personally I work in cybersecurity and every org I have ever worked with was desperate to get PhDs in the door (especially domestic US citizens because they are so rare).
PhDs in industrial STEM R&D enjoy a heavy seller's market. Especially domestic PhDs. Just because YOUR company doesn't require a PhD for rote tasks, it doesn't others don't rely on them to solve problems (FAANGs, Biotech, Fintech, Defense, Pharma, Space). Obviously you shouldn't hire a PhD to do something you could teach a 22 year old to do. There a ton of jobs you would have to spend years building up talent internally to get the same result as just hiring a PhD specialized in your market niche. This is why companies happily pay STEM PhDs giant salaries to be industrial researchers.
Humanities PhDs are of course in the exact opposite situation. Few industries rely on them, so the job prospects are the exact opposite.
PhDs in industrial STEM R&D enjoy a heavy seller's market. Especially domestic PhDs. Just because YOUR company doesn't require a PhD for rote tasks, it doesn't others don't rely on them to solve problems (FAANGs, Biotech, Fintech, Defense, Pharma, Space). Obviously you shouldn't hire a PhD to do something you could teach a 22 year old to do. There a ton of jobs you would have to spend years building up talent internally to get the same result as just hiring a PhD specialized in your market niche. This is why companies happily pay STEM PhDs giant salaries to be industrial researchers.
Humanities PhDs are of course in the exact opposite situation. Few industries rely on them, so the job prospects are the exact opposite.
