> So it is reasonable to hold them to a higher standard than a normal business. One important practical difference is that Academia doesn't pay its individual

> So it is reasonable to hold them to a higher standard than a normal business. One important practical difference is that Academia doesn't pay its individual contributors even close to market rate. When I started my PhD, I had seven job offers. Five were PhD programs, and the pay ranged from $25K to $40K or so (but the $25K option paid better than the $40K option because of CoL). The other two were in finance and tech, and paid $200K and $150K respectively. I wouldn't ever have taken a PhD job if I didn't own the IP I generated.