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While this is obviously not always true, there is definitely some truth to this. I could go into academia after my study if I want to, but I just don't see the advantages of adding knowledge to the scientific world outweighing the terrible salary, immense amounts of work and bad work prospects.In this view, Ph.D. programs, with their false promises, lure students to serve as cheap labor, first as teaching assistants, then as poorly paid adjuncts when tenure-track jobs elude them.