The academic system is completely broken for Computer Science, and I don't really see a way to fix it. The economic realities of the field just make it too risky to allow an exceptionally gifted individual to remain out in the open publishing research that could potentially destroy your business model. Justifying these low acceptance rates as somehow prestigious is really just creating even more perverse incentives t…
I'm generally nauseated when I interact with American CS academics. Every time I attend a conference, PC, or NSF panel, I am so glad I chose industry. It's like IRL twitter.
(Europe seems to be better for some reason.)
> If you're smart enough to rise, you'll get an offer from the private sector you simply cannot refuse. It doesn't matter if your passion is Academia, they can and will buy you out and own whatever you're working on.
IME it's less about "offer you can't refuse" on the industry side and more about "offer you can't take" on the academic side.
After 6 years of deferred income I simply could not take a job that paid $80K-$100K in an HCoL area or $65K-$80K in an LCoL area. I had loans to pay back, no 401K, and not enough savings for a down payment.
If you want good people to stay in CS academia, I think a few things need to change:
1. First, and most importantly, the faculty culture. I don't really know how to describe the problem, but "the old folks are checked out and the young folks are Twitter personalities" is probably close. What's the point of being in academia if you have to be surrounded by the intellectual equivalent of used car salesmen, especially when you can go to industry and do interesting work without the BS?
2. Double the income of PhD students so that they aren't financially ruined by choosing the academic path. This isn't a super unreasonable request -- they'd still be paid less than their peers in industry while doing what's effectively a full time job.
3. Pay faculty more. Not a lot more... just, like, "at least what my undergrad students make at their first job after graduating".
I think if you solve items 2 and 3, then item 1 will take care of itself.