The Article makes so many mistaks!
Here is the scenario:
You have an intelligent who just passed out of his undergrad degree.
He has following options:
1. Work in his country for a Max 10k$ Per Year Job (Extremely rare, most pay just 6k$ P.A)
2. Come to USA for PhD, get Paid Double the amount + save around 4k$ per year atleast. Get Prestigious degree after 5 years and then get a job that pays at least 70k$ or Join Academia which pays 40k$ +
3. Go to USA for Masters, Pay fees out of pocket or via loan, so total cost will be ~50k$b- 80k$ Get a job which pays 60k$ P.A. post graduation. And repay the loan in next 3-4 years, after which one can go for an MBA
Now Choice 1 is pointless, Choice 3 requires your parents to be waelthy enough to afford the loan. Hence an overwhelming number of them choose 2. Also there is nothing wrong with it, plus the whole make money instead argument is bullshit.
Unless you have god gifted green card, no one will give you a job in USA, and regarding working in China/India the Minimum Wage here 10404*12 ~ 19k is more than best starting salary in their country
2. Come to USA for PhD, get Paid Double the amount + save around 4k$ per year atleast. Get Prestigious degree after 5 years and then get a job that pays at least 70k$ or Join Academia which pays 40k$ +
3. Go to USA for Masters, Pay fees out of pocket or via loan, so total cost will be ~50k$b- 80k$ Get a job which pays 60k$ P.A. post graduation. And repay the loan in next 3-4 years, after which one can go for an MBA
Now Choice 1 is pointless, Choice 3 requires your parents to be waelthy enough to afford the loan. Hence an overwhelming number of them choose 2. Also there is nothing wrong with it, plus the whole make money instead argument is bullshit.
Unless you have god gifted green card, no one will give you a job in USA, and regarding working in China/India the Minimum Wage here 10404*12 ~ 19k is more than best starting salary in their country