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I encourage everyone to read Beckie Supiano's excellent article on Michael Chen's experience and decision. Two points from her article that genuinely reflect the current state of the professordom;

“The faculty are the least important people on a campus right now,” Kelsky says. If colleges valued their work, she says, they wouldn’t have allowed “adjunctification” to happen in the first place. The current wave of faculty departures — which colleges don’t even seem to have acknowledged — is simply the latest twist in a decades-long deterioration.

".....All the dumb hoops we jump through — for what? So some old, white guy can tell me I’ve achieved enough? On some level, I wonder if generations coming up will reject that hierarchy. I could have a job by next Friday making more money doing clinical work."

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