A PhD is a path to citizenship which isn't a bad thing in theory but the side effect is it reduces graduate student real wages and lengthens the time to graduate as demand is so high. I'm surprised economists haven't studied it (or maybe they have) and figured a way out of this fundamental trap.
Also University administrations are basically corrupt in the way they nickel and dime grad students across the board. The whole student/employee/apprentice thing really needs a systematic reevaluation since it can be exploitative.
Maybe they need to pay incentives to professors to graduate PhD students. In general the market for PhDs is expanding and high paying jobs are available at least in STEM fields which is a good thing as new technologies find wide applications.
Also University administrations are basically corrupt in the way they nickel and dime grad students across the board. The whole student/employee/apprentice thing really needs a systematic reevaluation since it can be exploitative.
Maybe they need to pay incentives to professors to graduate PhD students. In general the market for PhDs is expanding and high paying jobs are available at least in STEM fields which is a good thing as new technologies find wide applications.