[meekrohprocess]

Well in the US, postgrad education is a genuinely interesting proposition.

* Very low pay.

* Good benefits in a nation with poor safety nets.

* Tuition waivers along the lines of $10-100K/year.

* When the Dr. says jump, you ask how high.

If you view education as an investment, it isn't necessarily bad compared to an ordinary job. But it's kind of like a FAANG company; your experience depends on who you report to.