Tags: PhDs

Number Of PhD Recipients Using Food Stamps Soars

This article from the Huffington Post really says it all.  If you aren’t on Wall Street borrowing from the Federal Reserve at 0% and buying financial assets on leverage or stealing from the citizenry in the cesspool we call Washington D.C., you are becoming poor.  How’s that for Hope and Change.

Key quotes:
The number of PhD recipients on food stamps and other forms of welfare more than tripled between 2007 and 2010 to 33,655, according to an Urban Institute analysis cited by the Chronicle of Higher Education. The number of master’s degree holders on food stamps and other forms of welfare nearly tripled during that same time period to 293,029, according to the same analysis.

The sluggish economy has pushed graduates with law degrees to look for jobs outside of the legal profession, according to U.S. News and World Report.

Many adjunct faculty members are likely to be on welfare, since they live on “poverty wages,” the Chronicle of Higher Education reports.

All of these factors, plus a less-than-stellar job market, have forced many PhDs to work in menial jobs. There are 5,057 janitors with PhDs, according to Bureau of Labor Statistics data cited by the Houston Chronicle.

Read full article here