Earlier quoted context omitted.
>You don't need to get a phd to push the boundaries of knowledge, and often people who get phds aren't actually doing that. PhD is just a fake status indicator like an MBA. Pick any field. Find some measure of who pushes the boundaries the most in that field. Check after picking the metric, not before, what percent of those making the advances had a PhD, compared to the field overall. For example, in computer science…
My point was a PhD alone should not be taken as an indicator of skill, it is a very weak signal at best and is no substitute for good evidence of ability. Showing that most who are extremely successful have a PhD does not prove that having a PhD itself is a good indicator of ability, even a small amount of real evidence will override that information. This is why things like basic leetcode interviews are so important…
That's not what you wrote, though.
And, all else equal, I suspect a PhD is a good indicator of skill.
With no info, hiring for someone to solve math problems, which do you think will be better: math PhD or not math PhD?
Again, please provide some empirical evidence for your claims; not anecdotal feelings.
There's a reason starting salaries for PhDs are much higher than non for almost all positions, and it's not because hiring people are ignorant.
>no substitute for good evidence of ability
It's pretty hard to impossible to get one from a decent school without well above average ability.
>This is why things like basic leetcode interviews are so important, "phds" will often fail these.
Do they fail them more than non-phds? By how much? Again, please provide evidence. I'd suspect non-phds do much worse on average than phds.
I know for a fact PhDs score far higher on Kaggle competitions, for example. PhDs are over-represented in the winners, and if you look into the winners, a lot more without PhDs are PhD students. Go ahead an look there to check for yourself.
Heck, Kaggle even has a data mining degree vs pay dataset, and guess what? Check for yourself https://www.kaggle.com/salmanq/do-phds-earn-more
I'm pretty sure you're running on selection bias, not quantified measurements.