Poor Academics

I've noticed that society is quite accepting and often sympathetic towards graduate students and academics who can barely make ends meet. I think that the reason behind the sympathy is that people think that academics are involved in something that that is beyond monetary reward:

1. Academics contribute to the society by creating valuable knowledge
2. Academics help students to improve their lives through education.

Having spent in academia many years I see how flawed these arguments are.

First of all, academia is no better than any other field. In fact, it can be much worse in terms of positive societal impact compared to other fields. While 1% of academics do push the boundaries of knowledge and help the society to solve its nascent problems, 99% are engaged in useless and trivial research and irrelevant teaching. Moreover, many high-impact inventions come from outside of academia: aspirin (Bayer), cars (Ford), copiers (Xerox), etc. Heck, even if we are talking about purely intellectual products, such as influential books, we see that many of those books were written by people without PhDs. So I just don't see how academia is somehow better in terms of its contribution to the society.

Secondly, professors are not providing education for free. Schools charge ridiculous amounts for tuition. The reason that many educators generally receive less money compared to the industry is due to the fact that education system is often very wasteful and has to pay less in order to compensate for the waste. Moreover, students often discover that the time and money spent is largely a waste and does not lead to any better lifestyle.

So, again, I don't see how the act of committing one's life to educating the young is more heroic than, let's say, committing your life to providing people with good food. Being sympathetic to a struggling academic is like being sympathetic to a store owner who doesn't sell anything that people are willing to buy.

Is a College Degree Worthless?

By Jack Hough, SmartMoney

College degrees bring higher income, but at today's cost they can't make up the savings they consume and the debt they add early in the life of a typical student.

Thank you, Walmart!

Business school professors like to talk crap about Walmart. But Walmart helped me and numerous other slaves of academia to survive over all these years. When shopping at Walmart late at night, I ran into so many PhD students, postdocs, or even assistant professors from our school. Many of them acted like they didn't see me, LOL :)

Motivation in Academia

From the perspective of extrinsic motivation, academia can be the most demotivating place to work in.

It's not uncommon for newly hired faculty members to get paid more than faculty who has been with the department for many years. This is the kind of reward you get for giving your whole life to the school.

PhD students experience this too. In fact, it's even worse in their case. Unlike professors, doctoral students do not get annual pay raises, so the difference is often even more drastic. I remember when I joined the PhD program, I was making twice as much as doctoral students who had been with the department for 3-4 years. The irony here is that a senior doctoral student not only deserves to get paid more by most human standards, he or she has a much greater objective need for money. After spending several years in the program most PhD students are usually broke and in desperate need for money. After I spend several years in the program, I discovered that new PhD students were paid 50% more than I was making....

So I've been on the serving as well as receiving end of this wonderful motivation scheme. Does miracles to your motivation and loyalty to the department!

No Money - No Work!

Hoping to please my professors, I got myself into a state of things where I would perform a number of duties many of which were not directly related to my responsibilities as a doctoral student. I soon found myself not only doing research and teaching classes, but also managing a student organization, helping graduate students from other departments with my lab's equipment,and doing guest speaking gigs at places where my professors didn't wanna go. In addition to that, I was doing some analytical work for organizations in exchange of them giving me data for my dissertation.

Needless to say, in order to do all those things I had to work 24/7 and borrow time from my personal life and my main responsibilities as a doctoral student. Obviously, I wasn't paid for doing all those things. I was paid as much as any other doctoral student who did nothing but dissertation work.

At some point I realized that this is not working well and I need to stop. It wasn't pretty - some of my profs became a bit hostile towards me. But this worked out quite well, eventually. I acquired a reputation of a person who doesn't do any favors, so professors stopped bothering me with their requests.

Despite academia positioning itself as a very altruistic place where people don't care for money, I think it's very useful for a PhD student to think in economic terms when asked to do all kinds of favors. You always have to ask yourself:

• Am I paid for this?
• Is there, at least, a potential for being paid for this in the future?

If the answer is no, you probably shouldn't do it. Your goal is to graduate and get a job, and not be someone's servant.

It's all about the money!

Many professors like to preach to their PhD students that being a professor is not about money. One of my advisers once told me after a few glasses of wine: "You know, I didn't go into academia because of money... I could be a millionaire if I wanted to! Yet I chose to do research and help young fellas like you instead".

Don't be so naive my friend... It's all about money. In fact, since there are so few opportunities in academia to make good money, most profs would step over their mom's dead body to pick a few bucks from the floor. I was once assigned to crunch survey data which contained responses from faculty members at a big school. Guess what was number one concern among the altruistic profs? Yep, money! Virtually every prof was whining about money and asking for salary increase.

Cash, Rules, Everything, Around, Me
C.R.E.A.M.
Get the money
Dollar, dollar bill y'all