To All University Employees...

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[Thanks to Jorge Cham at Piled Higher and Deeper ]

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If you have ever looked at what they cost your grant, graduate students are not cheap. If you are at a private institution, they typically cost as much as a postdoc; the money is being diverted to fees like tuition.

This is why I believe it is unethical to hold a student back who has enough of a thesis to graduate. If they need a little more preparation before going on the job market, graduate them and then keep them around as a postdoc. It costs just as much and the student actually gets the full benefit of the money.