One of the promises for highly educated people (PhDs) who devote their most lucrative years to unprofitable research, is that they will able to do the job when

One of the promises for highly educated people (PhDs) who devote their most lucrative years to unprofitable research, is that they will able to do the job when they are very old. Otherwise, the retirement plan is insufficient. I can make several times what I do on the market, so if I'm going to be replaced as soon as it's convenient for the university, then we're going to have a very different relationship that's more about money.