“At latest count, we have 1.5 million university professors in this country, 1 million of whom are adjuncts. One million professors in America are hired on short-term contracts, most often for one semester at a time, with no job security whatsoever – which means that they have no idea how much work they will have in any given semester, and that they are often completely unemployed over summer months when work is nearly impossible to find (and many of the unemployed adjuncts do not qualify for unemployment payments). So, one million American university professors are earning, on average, $20K a year gross, with no benefits or healthcare, no unemployment insurance when they are out of work. Keep in mind, too, that many of the more recent Ph.Ds have entered this field often with the burden of six figure student loan debt on their backs.“
By way a history friend, How the American University was Killed in Five Easy Steps. (Hint: It has to do with the Powell Memo.) I’m finishing up my PhD because I’m pot-committed at this point but, when anyone asks, I never recommend that they follow suit. It is UGLY out there. When the chips were down, I was fortunate enough to have a prior career in speechwriting to fall back on. Most people don’t have that luxury.