In the end, the need for a certain job sector drives demand. Its the same reason a new grad in CS in US could go get a six figure salary, because everyone was racing to monetize the web.
PhDs werent dealing with stock prices either. Nobody was trying to predict the stock market. The goal was to price volatility and sell volatility to the end party that would actually roll the dice.
PhDs werent dealing with stock prices either. Nobody was trying to predict the stock market. The goal was to price volatility and sell volatility to the end party that would actually roll the dice.