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>wanted to commit to paying him a salary for the rest of his life.

Sounds like to me like this is the problem. Its a lot to ask for lifetime employment, pension, etc. The tenure system causes this. A more fluid employment system would provide more opportunity as recruitement wouldn't be this overly neurotic thing.

That said, I know people in this exact situation. They bounce from university to university. They eventually ended up somewhere, at least most of them, with a couple scragglers who always came off as hugely unlikeable trust fund kiddies, so I'm not surprise they can't convince anyone to keep them or that they feel motivated to work hard.

The people I mentioned above were mostly U of C grads. Salaries there:

>The average salary for a full-time professor at the U of C during the 2007-08 academic year was $170,800—the fifth highest in the nation

170k 5 years ago is nice scratch. Even in "poor" public schools like the University of Illinois, you're looking at 110-120k for entry level professors. Oh, and usually that's without working any of the summer months.

I'm not sure why there's so much hang-wringing over these jobs, many of which pay a decent wage. Yet there's no hang-wringing over the millions who are just as smart and talented in the private sector who have no tenure protections, no publishing rights, no patent co-ownership rights, no royalty rights, and fear layoffs all the time.




> Oh, and usually that's without working any of the summer months.

Hah! This must be one of the strangest and most pervasive myths about academia. Typically you only get the summer off ... from teaching. It's the prime time to do that research that motivated you to get into the business in the first place...

And conveniently, the University doesn't pay you a salary for this time. You can elect to pay yourself... out of your research budget. At the opportunity cost of students, postdocs, staff, equipment, travel, etc.




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