|
|
|
|
|
by glitchc
62 days ago
|
|
The problem is really one of supply and demand. Whatever SV talking heads say is a post-hoc rationalization on top of this basic fact. We have too many PhDs (I say this as one). It's never been easier to get one. Most PhD topics are incremental and derivative whereas they should be seminal and ground-breaking. Unfortunately, with credential inflation, this cycle will escalate. Soon people will complete two just to qualify for an academic position. |
|
I would blame the monopolization of the economy. A few corporations purchasing big chunks of the industry control the job market create a bottleneck where supply of jobs is controlled by a few corporations. Once all jobs are controlled by a few decision makers the precarious work conditions, diminished salaries, abuses, etc. come naturally.
> Unfortunately, with credential inflation, this cycle will escalate.
Even if everybody had high education, companies would still compete for the best employees. There is no competition for employees because large corporations have agreed to not do so.
Apple, Google, Intel... discussed no-poach as a way to keep salaries low. Has anything changed?
https://en.wikipedia.org/wiki/High-Tech_Employee_Antitrust_L...