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“The Ph.D. system was designed for a job in academics. And it works really well if you really want to be an academic, and the system actually works quite well. So for people who have the gift and like to go spend their lives as scholars, it's fine. But the trouble is that it's become a kind of a meal ticket - you can't get a job if you don't have a Ph.D.” — Freeman Dyson
The Ph.D. system was designed for a job in academics. And it works really well if you really want to be an academic, and the system actually works quite well. So for people who have the gift and like to go spend their lives as scholars, it's fine. But the trouble is that it's become a kind of a meal ticket - you can't get a job if you don't have a Ph.D.