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‘Starving’ Ph.D.s deserve low pay
BIZPACReview.com ^ | 1/09/2012 | John R. Smith

Posted on 01/09/2012 6:08:48 AM PST by SmileRight

In this age of mainstream news reporters ignorant of economics, the media rarely trumpets the power and truth of free markets and the laws of Supply and Demand, very real forces in our daily lives that confound, embarrass and reject socialist politics.

The free market communicates important information. This is why socialist and left-leaning politicians, who hate free markets, operate in economic illiteracy. The free market places no real importance on government contrived social measures that lack real-world value. When the free market speaks, socialist economic theories tremble.

An example of the free market correcting economic nonsense is the “socially responsible” mutual fund, investing only in companies that engage in politically correct behavior. Investors in such funds haven’t seen much in the way of big profits; investors may have appeased their social conscience, but at quite a price. As the philosopher Montesquieu wrote, “Virtue itself has need of limits.” The return on these funds generally has been far lower than ...

(Excerpt) Read more at bizpacreview.com ...


TOPICS: Business/Economy; Constitution/Conservatism; Philosophy
KEYWORDS: academia; acedemia; freemarket; freemarkets; jobs; phds
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To: Opinionated Blowhard

Oh. For a degree higher than a piled higher and deeper, maybe they can verify that the candidate actually KNOWS something of value.
Or maybe they could fix our institutions of higher education which have been driven into a ditch by prosecuting a large portion of academia for malpractice. “Pontificating while deluded.”


21 posted on 01/09/2012 6:48:33 AM PST by jim999
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To: napscoordinator

I have an MBA but didn’t include it on a job that I was applying for because I didn’t want that “over qualified” nonsense.

<><><><

I would not advise others to do as you have done, and I’ve recruited for what was then an 8 billion/yr organization.

The background check will reveal it, and it will raise questions as to the level of your honesty.

I would advise a pro-active strategy of discussing why an MBA is seeking a job where an MBA might be an oddity.

JMO.


22 posted on 01/09/2012 6:59:07 AM PST by dmz
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To: raybbr

>>> but debt to the federal govt is freedom to these pukes.

Very soon, these pukes will learn nobody gives a shiite for your being a slave to the gubmint.


23 posted on 01/09/2012 7:00:49 AM PST by Sir Napsalot (Pravda + Useful Idiots = CCCP; JournOList + Useful Idiots = DopeyChangey!)
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To: jim999

Eliminate all tenure.


24 posted on 01/09/2012 7:01:37 AM PST by allendale
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To: Travis McGee

hahaha great pic and so true


25 posted on 01/09/2012 7:01:51 AM PST by Jacvin
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To: SmileRight

I suspect that the increasing numbers of Masters and PhDs is due a lot to the poor job market. “Hard” major graduates (e.g., math and science) have high employment rates and get jobs upon graduation, but “soft” degrees seem to lead to joblessness and more schooling.


26 posted on 01/09/2012 7:02:55 AM PST by JoeGar
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To: HIDEK6

I have personally known several people with advanced degrees, including a PHD, that simply weren’t very bright. It all depends.


27 posted on 01/09/2012 7:07:54 AM PST by Jacvin
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To: Travis McGee

Nothing wrong majoring in 12th century English poetry if this is your “passion”. Just don’t annoy us and demand your college loans be forgiven when you find this degree is of no help in the job market. Maybe you can go to grad school with this degree if daddy is willing to keep funding you


28 posted on 01/09/2012 7:08:35 AM PST by dennisw (A nation of sheep breeds a government of Democrat wolves!)
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To: JoeGar
“Hard” major graduates (e.g., math and science) have high employment rates and get jobs upon graduation, but “soft” degrees seem to lead to joblessness and more schooling.

Architecture is a "Hard" major, and it is still getting killed. That appears to be the exception rather than the rule. Engineers, MDs, Physical Therapists all have rates down in the 4-5% range.

Some fields are hard to judge by degree only. As a computer programmer my degrees don't matter so much as my certifications. Having a masters doesn't boost your income so much as a high school degree, and a SCJD (Sun Certified Java Developer). It is still education that makes the difference in pay, but it is trade school rather than a four year degree that makes the difference.
29 posted on 01/09/2012 7:13:37 AM PST by GonzoGOP (There are millions of paranoid people in the world and they are all out to get me.)
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To: JoeGar
Guess I should shelf my plans to get my PhD in Early Tibetan Literature on hold.
30 posted on 01/09/2012 7:16:38 AM PST by Kozy (Calling Al Gore)
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To: SmileRight
Doctorate in Social Justice

"...The ED 691E core includes a minimum of four weekend seminars selected from the following seven choices: Ableism, Anti-Semitism, Religious Oppression, Classism, Transgender oppression, Heterosexism, Racism and Sexism..."

31 posted on 01/09/2012 7:25:31 AM PST by pabianice (")
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To: Travis McGee

She needs a bath and a haircut too.


32 posted on 01/09/2012 7:31:46 AM PST by x_plus_one (Obama: Brainwashing the masses to believe that racism is a greater danger than radical Islam)
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To: GonzoGOP

“Some fields are hard to judge by degree only.”

I agree. My political consulting career has been helped tremendously by my degree in psychology. ;)


33 posted on 01/09/2012 7:35:32 AM PST by SmileRight
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To: SmileRight

American university students are the new sharecroppers in our nation. The university professors are the new plantation owners.


34 posted on 01/09/2012 7:43:19 AM PST by blueunicorn6 ("A crack shot and a good dancer")
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To: Jacvin

That’s what I said. If you get a PhD, you aren’t very smart.


35 posted on 01/09/2012 7:45:48 AM PST by HIDEK6
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To: napscoordinator

Hell, in THIS job market, you’d better tell them you’re homeless, illegal, speak no English, toothless, out on bail, and living off public assistance, or you don’t even get considered. ANY of the grocery stores will not even look at an applicant unless they exhibit some quality of the mentally challenged. Discrimination is the norm, especially AGE.


36 posted on 01/09/2012 8:12:51 AM PST by arrdon (Never underestimate the stupidity of the American voter.)
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To: SmileRight

The glut of PhDs has been around since the 1950s. Universities, however, are more than happy to keep cranking them out, fully aware that almost none of them will get hired.

And ironically enough, even in an extremely tight market, this does not mean that universities only choose “the cream of the crop” in PhDs. Instead their hiring is often based on connections and political affiliation.


37 posted on 01/09/2012 8:14:12 AM PST by yefragetuwrabrumuy
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To: Travis McGee

L


38 posted on 01/09/2012 8:19:42 AM PST by Jeff Chandler (Quando Omni Flunkus Moritati)
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To: Travis McGee

Is the joke supposed to be that the photo caption has misspelled the word “Complain”? I’ve seen several versions of the same photo with different captions without noticing if they were also misspelled.


39 posted on 01/09/2012 8:22:37 AM PST by elvis-lives
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To: SmileRight

PHD = Piled Higher and Deeper


40 posted on 01/09/2012 9:00:44 AM PST by DFG
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