All issues are definitely influenced by systemic incentive issues for sure.
But is not graduate school in some broad sense competing with the likes of startup accelerators et al.? Don't get me wrong, I think that's a good thing in the abstract. But 5 years of minimum wage while working for someone who likely has paltry managerial skills, with the prospects of an increasingly shaky academic job market. My point is that it's too bad for society that the competition is so drastically one sided.
But is not graduate school in some broad sense competing with the likes of startup accelerators et al.? Don't get me wrong, I think that's a good thing in the abstract. But 5 years of minimum wage while working for someone who likely has paltry managerial skills, with the prospects of an increasingly shaky academic job market. My point is that it's too bad for society that the competition is so drastically one sided.