[ng7j5d9]

Feels almost like the minor league / major league situation in professional sports. Minor league baseball players are generally not paid a living wage, and major league players start around half a million dollars a year. Obviously many players are doing everything they can to reach that dream job (even if most fail).

That idea of being a comfortable tenured professor at a great school is a dream for many. And obviously, many don't make it, lot of folks are going to just drift around as adjunct professors, scraping by, taking second jobs. But as long as SOMEONE is getting to be a full professor at Stanford, lots of people are going to think, "that could be me", and get exploited along the way.

[ghaff]

Yeah. I forget what the term is but there are a number of occupations where's there's a big gap between the "lottery winners" and the hoi polloi.

Arguably even the winners in academia don't make that much in terms of money but they're still viewed as successful professionals, have a decent lifestyle, and do OK--especially if they're not in the highest cost areas.

[marchenko]

These kinds of professions are often referred to as "tournaments", a term I think captures their essence nicely. (https://en.wikipedia.org/wiki/Tournament_theory)

[disqard]

This captures the spirit of academia fairly well. The thought "that could be me" is a powerful factor indeed.