Same for the academic world. We sit wringing our hands about student debt but feed the beast of academic largesse
Those with PhD's feel entitled to high pay and bennies, regardless of what field the degree is in.
My wife has a PhD in finance (on top of her MBA with a concentration in accounting.) One of her friends, who teaches at the same university, can't understand why she is paid only half as much as my wife. After all, isn't dance history as important as accounting?
