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Bourgeois Overproduction and the Problem of the Fake Elite
New Discourses
Unworthy Degrees for Market Demand
The academic job market is highly competitive and detrimental for many PhD holders, particularly those in niche fields, as they often end up in low-paying, unstable positions, with salaries as low as $20,000 to $40,000 and no job security. The overwhelming number of qualified applicants for limited positions creates a brutal hiring process where all candidates appear equally deserving, highlighting a significant issue in the academic system. Furthermore, a substantial portion of college students may not benefit from their education, suggesting that around 50% of them may not belong in college, not due to a lack of talent but because pursuing higher education does not align with their best interests or career prospects.
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