PhDs have no idea. Anyone, who spends 8+ years of their life just learning electronics, instead of doing it, is so detached from reality, that their experience is just meaningless. By the time they come out of university, they are spoiled with theory, instead of practice. Then they become like PLC programmers for Siemens, never setting foot in the factory they are programming, living in a cubicle, laughing at the bad jokes of their boss, and hopefully they will become assistant (to the) regional manager be the end of their forties.
But we get Dilbert cartoons, so it's a win.
Oh, no! Dilbert covers the "practical" side of engineering also.
Don't mistake me, to a hard hat sleeves up engineer. I'm just practical, and I prefer practical jobs and people with that mindset. We will see how I will cope with the others, as I will be managing very soon some university projects from company side. And it is not even electronics, but electrical.
Yes, I think people without actual hand-on experience are worse engineers. Because something not only has to "just work", it has to pass Design For Testability, Design For Manufacturability, Design For Repair and Upgrade. And no matter how much theory people will read about it, it all comes down to actual common sense, not just numbers. I dont think anyone can design a PCBA for production, without seeing how the production line works, or even working next to a production line for some time. I did, long time ago, just for the kicks. Sure it was a old wavesolder machine, coupled with lots of manual labour, and some reflow but still, it was probably the best experience I could get for DFM, no book or presentation can beat it. I was hunting down production issues that created 0.x% repair work, and translating Standard Operation Plans, disassembling PCBAs to measure every single component for the right value, optimizing throughput, by evening out manual labour.
If you want to be a better designer, get a temporary job in a factory. You will not regret it.