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NancyLebovitz comments on The Neglected Virtue of Scholarship - Less Wrong
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I think that most people just don't believe that philosophy has any value. I used to believe that it didn't, gradually concluded that it did, but then gradually concluded that yes, 99.9% of it really is worthless such that even reading contemporary famous people or summaries of their arguments (though not discussing such arguments with your epistemic peers who are familiar with them, and not reading pre-WWII philosophers) really is a waste of time.
Philosophy seems to offer a very low chance of doing something extremely valuable.
I suspect it's the valuable human activity with the most extreme odds against success.