It's also very unjust. Where were Douglas Engelbart's billions? Tim Berners-Lee, is he a billionaire? No, we have 17 year olds making quick millions gluing together the work of dozens of Ph.D's who will never see that kind of money in their lifetimes.
I'm not sure this is fair. Look at the number of entrepreneurs that actually succeed, then look at the positions that people with a CS Ph.D actually end up in. On average (using a median), I'm willing to bet those with a CS Ph.d do a lot better than your average startup founder. We just hear about success stories.
All of this is also ignoring the huge benefits that come with becoming a professor, if you are able to. The kind of pay, job security, and benefits that come with the MIT professorship that Berners-Lee has are enormously beneficial to ones peace of mind.
I'm not sure this is fair. Look at the number of entrepreneurs that actually succeed, then look at the positions that people with a CS Ph.D actually end up in. On average (using a median), I'm willing to bet those with a CS Ph.d do a lot better than your average startup founder. We just hear about success stories.
All of this is also ignoring the huge benefits that come with becoming a professor, if you are able to. The kind of pay, job security, and benefits that come with the MIT professorship that Berners-Lee has are enormously beneficial to ones peace of mind.