Comment by moab

Should faculty be paid more? Absolutely. Should Ph.D. students be paid more? Absolutely!! But the blanket statement you make in (1) is wrong and strikes me as awfully close to the extreme left-wing and right-wing mindsets of "the system is fucked up beyond repair, all that remains to be done is to tear it down". The reality is more nuanced than this, and the picture you paint of industry is hardly that rosy, even at silver-spoon companies that invest heavily in R&D.