I think we all differ in the ways we grant or demand status recognition, often to hilariously pretentious extremes. Doctorates covers a pretty broad field of specialties. Some of us might, for purely subjective reasons, respect some more than others. It might take six or seven years to become a PhD in Victorian Literature or a finish carpenter. Is one achievement more admirable than the other? Is an Emmy more prestigious than a Distinguished Flying Cross? An EdD more impressive than a DD-214 or a CDL or a Black Belt?
We seem to be overproducing doctorates in the humanities right now. Should that matter in the degree of prestige they command? Are there perhaps better indicators of employability than a BA?
I think we should honor the people who advance the boundaries of human knowledge, but have no problem mocking pretentiousness where it arises; especially in the more desperately status-seeking fields of politics, media and academics.