I actually disagree with this...I don’t think PhD’s have low direct value. Obviously most people’s PhD’s have 0 direct value, but that’s because people don’t select their areas strategically at all.
And lots of institutions would like to hire someone who has studied their issues for the information and for the signalling value (only a good hire could understand the issue so well). I’ve already done this with my first paper that got me the consulting gig.
I meant to say that new PhDs have low direct value, not that PhDs have low direct value.
Additionally, everyone is seeking “career capital”. The hunt for “career capital” is super crowded and exhausting. Trying to actually do things is easier.
I think I may have used career capital wrong? I guess I just meant ability in “getting good”, this usually comes from experience?
I meant to say that new PhDs have low direct value, not that PhDs have low direct value.
I think I may have used career capital wrong? I guess I just meant ability in “getting good”, this usually comes from experience?
Ah, I see. I’m mixing up career capital and status actually.