I think the psychological aspect of first failure and injustice is rough on grad students. Hypercompetitive to get into a good enough BS program to get into a MS program yet unlike post-BS tracks like med school, 98% aren't getting that job in academia and will fail out. Its a pyramid with a very pointy top, much like college football usually doesn't lead to a NFL career. Meanwhile the "failures" who were not smart e…
You can do a BS and work in the industry. Nobody forces you to get a job in the academia.
There's no philosophy industry.