[_delirium]

> Otherwise there would be no incentive for these guys to make the personal sacrifices required to do great work above and beyond what an 8-5er might do.

My guess is that universities would also find themselves having to replace that incentive with monetary incentives, at least in areas where industry options exist. Universities currently get away with paying below industry rates partly because of the lure of research freedom: once you're tenured, you get complete freedom to define your research agenda (well, universities still have a lot of levers they can use to put pressure, but it's at least relatively large freedom). But if you're never going to get to that point, and have to continually justify your research in light of current grant opportunities, what's hot versus out of favor in various fields, how much your output was this year, etc., you don't necessarily have more freedom than you'd have at an industrial research lab. So I think universities would find it harder to attract researchers unless they started paying salaries on par with industry research positions, which may not make abolishing tenure a net money saver.