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Academia is trap / Ponzi scheme (especially in niche subjects / discipline where you basically can only continue with the academic career), only those really at the top benefit.

= symbols takes advantage

Prof (easy life) > Post docs > doctorates > students > undergrads

And often what you are taught has little to no overlap with what you do in the industry later on..

Yea picture is a bit darker than it probably is but PhD really felt like a waste of time