"Higher education is even more susceptible to the law of diminishing returns than most fields. Every extra year of higher education costs you more in terms of foregone income in return for less in terms of added value"
I know. It's not funny. For you! But...
"PhD programmes are life-enhancers for professors: they give them acolytes to massage their egos and relieve them of undergraduate teaching while also doing much of their research for them. But they teach you less than you could have learned on the job and a PhD may leave you unemployable. There are far better things to do with your 20s than acquiring yet more letters after your name."
Full text at: http://moreintelligentlife.com/node/3829
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