[millenial4freedom]

free market? the market value for many of these 'esteemed professors' is less than a third what many of them are currently paid!

When did academia start paying almost what skilled specialty surgeons make??

[econjack]

If a professor can bring in $50 million in grant money, paying them $900,000/yr is a bargain. Indeed, most grants pay the profs salary for the duration of the grant. Very few well-known profs are actually teaching. Almost all of them are doing grant projects which, supposedly, augers well for the institution’s reputation but with very little benefit to the students.