Let&#x27;s say someone gets a PhD - that takes ~5 years. So instead of entering the workforce at 22, they enter the workforce at 27. If they retire at 70, then their working hours went down from 48 years of work to 43 years of work, or ~10%.<p>Do you consider the ~10% loss in working hours a major disadvantage?<p>I could definitely see more people getting advanced degrees in a &quot;MINCOME&quot; society. For example, I have a family member that really wants to do a masters, but had to work through school and isn&#x27;t sure they can swing it for a masters too.