A PhD is the pathway to poverty

http://dollarcollapse.com/welcome-to-the-third-world/welcome-to-the-third-world-part-8-a-phd-is-now-a-path-to-poverty/

"My friend is an adjunct. She has a PhD in anthropology and teaches at a university, where she is paid $2100 per course. If she taught five classes a year, a typical full-time faculty course load, she would make $10,500, well below the poverty line."