This is a really good article critiquing the PhD worldwide.
In addition, the pressure continues to mount up as capitalism invests in start-ups like research incubators. These investments bypass academia which further decreases the value of "higher education". Therefore, do students even need a college degree? Should a high school graduate consider working in a start-up than attending college? Perhaps Bill Gates, Mark Zuckerberg, and Kanye West knew the secret key to a successful career by attending college to eventually drop out as they launched their own careers as promising entrepreneurs?
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