It takes a certain poverty of mind to quantify the value of an education in terms of earnings. I don't earn a huge amount, but I have a fantastic job, I live in a wonderful place about 5 minutes from my office and doing my Ph.D. was the best thing that I ever did. I agree that you don't need one, and many people with one that I have met and employed are fairly hopeless (in comparison to razor sharp and super talented…
>>It takes a certain poverty of mind to quantify the value of an education in terms of earnings. I don't know... If I spend up to 7 years of my life studying and researching my ass off to become one of the foremost experts in a specialized field, then it better have more benefits than just personal satisfaction. A fantastic job with good living arrangements do not require a Ph.D.
Where did you get the magic number 7 from?