The academic job market is topsy-turvy. Tenured professors should be paid less than adjunct professors. The adjunct professor who takes on future income uncerta

The academic job market is topsy-turvy. Tenured professors should be paid less than adjunct professors. The adjunct professor who takes on future income uncertainty should be paid more to represent that income uncertainty risk. If the job market was functioning correctly and in a perfect world, salaries would be so.