Comment by thaumasiotes
7 hours ago
> Honor, sadly, doesn't pay for grad students
Are you kidding? Grad students are well known to receive trivial monetary pay. Most of their pay is in honor.
7 hours ago
> Honor, sadly, doesn't pay for grad students
Are you kidding? Grad students are well known to receive trivial monetary pay. Most of their pay is in honor.
They still need to eat, and that trivial monetary pay component must come from somewhere . . .
Not really, there is a promise of a better career in the future.
That's the honor
No, that would be deferred compensation. The only problem with that theory is that it isn't real. Grad students aren't working for the promise of a better career in the future.
1 reply →
Depends on what they’re studying and where. If you’re a PhD student English Literature at Directional State University most of your compensation is consumption value, not the promise of a career[1] or pecuniary compensation.
[1] For the huge majority of PhD students in the Arts and Humanities there are virtually no jobs in their fields and it’s not that much better in the social or exact sciences, though there is at least some extra academic demand for their skills. There are very, very few fields outside academia where a doctorate is a necessary qualification or close to it and those are ~all a terrible investment if what you want is a remunerative career; things like biomedical research where you do a doctorate, then a postdoc and then get a job paying what an MBA from a top tier business school gets their first year out.