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I'm out of my element here so someone in the industry can correct me, but from what I can tell academia is a tournament economy, like law. Those at the top (ten
by billmalarky 9y ago
I'm out of my element here so someone in the industry can correct me, but from what I can tell academia is a tournament economy, like law. Those at the top (tenured professors) make all the money, everyone else struggles to get by.
- ghaff 9y agoProbably it's even more of a tournament economy that that. Tenured professor, possibly with an endowed chair, at a top-tier university would be considered by most to be a pretty nice life--especially in areas where the cost-of-living is relatively modest. If they're in a field they can earn consulting dollars, all the better. Tenured professor at some small liberal arts college usually isn't doing as well.