@Marxist According to you, shouldn’t computer science PhD students work for the betterment of society, accepting their role as a public servant with no salary larger than the guy cleaning the floor?
Anyhoo, yes it’s true. People with PhDs can potentially get jobs in Wall Street and related industries where they work on developing algorithms and systems to squeeze an extra few milliseconds off of their competitor to place buy orders.
Sheesh, PhD students can make six figures right out of the gate in the tech field.