[HN Gopher] Has the 'great resignation' hit academia?
       ___________________________________________________________________
        
       Has the 'great resignation' hit academia?
        
       Author : pseudolus
       Score  : 83 points
       Date   : 2022-05-31 18:13 UTC (4 hours ago)
        
 (HTM) web link (www.nature.com)
 (TXT) w3m dump (www.nature.com)
        
       | etempleton wrote:
       | A few things have happend recently:
       | 
       | 1. Covid was hard on education from kindergarten through college.
       | Systems and processes that were already stressed to the max
       | became overloaded and everyone was asked to do more and sometimes
       | take a pay cut or have reduced benefits while doing so.
       | 
       | 2. Society stopped valuing education as much. While once
       | educators traded lower pay for the prestige of being a professor
       | they can't really say it is a worthy trade anymore as a vocal
       | minority do not value education at all.
       | 
       | 3. Faculty no longer run colleges/ universities. Once faculty ran
       | everything, but as regulations have tightened and colleges
       | started getting sued for any number of things professional
       | administrators started being required because the jobs got
       | bigger. In theory this has created less work for faculty, but
       | they now feel disconnected and impotent.
        
       | 13415 wrote:
       | I'll leave for sure, but for other reasons than in CS. In CS
       | people leave because they get better salaries and have better job
       | prospects outside academia. In my area, people leave because of
       | lack of career prospects, almost no tenure-track positions,
       | favoritism and corruption. But the decisive reason for me is that
       | our small & poor European country has switched to the new "Pan S"
       | for open science publications. This may seem like a good idea at
       | first, isn't it great that every publication for a funding
       | authority needs to be open access? Well, the problem is that in
       | my area there are at most two good and free open access journals.
       | At most. Every top journal is run by traditional publishers, and
       | funding authorities have explicitly stated they will discourage
       | and limit payment of open access fees. Ironically, the better the
       | journal, the higher the open access fees, and the less it is
       | possible to get funding for them.
       | 
       | As nice as open access sounds in theory, in practice this new
       | "Plan S" policy will mean that bullshitters who game the system
       | and shouldn't even be in academia will win big time and can spit
       | out one crappy publication after another. I've met people in my
       | profession who literally said "Who cares if its false? It's
       | another publication in your CV!" The difference between fringe
       | journals and the top journals is unbelievably high in my
       | discipline, people used to even count bad publications
       | negatively, and a few publications in top journals used to give
       | you a tenure-track position. To give you an idea of the
       | difference, the former have acceptance rates of about 100%, the
       | latter have acceptance rates of less than 5%. Now the top
       | journals won't even count any longer _at all_ in evaluations by
       | our funding authority. There is so much crap published nowadays,
       | they should limit the allowed number of publications /year;
       | instead they are going for the opposite, a large number of
       | publications in fringe and even self-published open access
       | journals. Some of my colleagues are already literally starting
       | their own journals.
       | 
       | I admit that there are many disciplines where open access works
       | better, but not in mine. Maybe "Plan S" will have great and noble
       | effects in 20-30 years from now, but for the generation in-
       | between it's a complete disaster for anyone interested in
       | quality. For me that's the decisive reason to leave.
        
         | anonymousDan wrote:
         | What is your discipline and country? That sounds like some
         | ridiculously narrow minded thinking on the part of the funders.
        
       | AlexanderDhoore wrote:
       | Can anyone show me statistical evidence that this "great
       | resignation" is anything more than a story made up by the media?
        
         | jxidjhdhdhdhfhf wrote:
         | It doesn't even really make sense as a concept. People resign
         | from their jobs and then what? Maybe a small extra portion of
         | the elderly retire early and a small portion become stay at
         | home parents. The rest find new jobs.
        
           | babypuncher wrote:
           | The "Great Resignation" name is fearmongering, meant to make
           | people think something bad is happening. Unemployment is at
           | rock bottom; people aren't quitting, they are moving to new
           | jobs. That is just the free market at work. Yet for some
           | reason the "free market ooh rah" people seem the most upset
           | about it.
        
         | p1esk wrote:
         | https://en.wikipedia.org/wiki/Great_Resignation
        
         | [deleted]
        
         | fennecfoxen wrote:
         | The BLS's records of the labor force participation rate alone
         | are pretty intense. https://www.bls.gov/charts/employment-
         | situation/civilian-lab...
        
           | somenameforme wrote:
           | Graphs with zoomed in Y axes make eyeballing often
           | misleading. Consider the data:
           | 
           | 2000-2016: -4.3% LFPR
           | 
           | 2016-2020: +1% LFPR
           | 
           | Current: 0.2% below what we were in September 2015 (while
           | currently in a sharply increasing trend)
           | 
           | The graph is eye popping, but the numbers themselves don't
           | seem particularly exceptional.
        
             | jldugger wrote:
             | I mean, we celebrate when GDP growth rates hit 3 percent,
             | and here we show a 4 percent decline in the workforce that
             | generates that GDP so I don't think it's _that_ misleading,
             | perhaps as a lucky coincidence. Travelling 7 years in time
             | is a rather huge deal.
             | 
             | Really, where this chart is misleading is that there are
             | likely different cohorts. If stratified by decade of birth
             | I would expect boomers to be most of the difference, and
             | maybe even millenials offsetting it. And if so, there are
             | at least two great resignation stories to tell:
             | 
             | 1. Boomers resigning, as long predicted. in the 2008 crisis
             | everyone expected them to retire but that didn't really
             | happen. maybe happened this time
             | 
             | 2. The rest of us resigning one job to start another,
             | filling the vacancies created by story #1, and creating its
             | own cycle of job hopping for salary bumps.
        
               | ghaff wrote:
               | >Boomers resigning, as long predicted.
               | 
               | Changes are probably at the margins but those can still
               | be significant in the aggregate. There are obviously many
               | people (of all generations) that can't afford to just
               | pack it. But there are also a lot of Boomers, among
               | others, who--thanks in part to a long bull market--don't
               | _have_ to keep working and there are a lot of reasons to
               | imagine why now might be as good a time as any to wind
               | down full-time employment.
        
         | fullshark wrote:
         | Here's some data: https://fred.stlouisfed.org/series/CIVPART
         | 
         | I'm not gonna claim anything here but do agree what firms /
         | business are mostly complaining about is key employees changing
         | jobs more so than leaving the workforce entirely.
        
           | ghaff wrote:
           | In professional circles, maybe you see some people retiring
           | sooner than they would otherwise would have. Don't know. I
           | haven't really seen that myself though. [ADDED: That's not
           | really true in healthcare. I had two primary care doctors
           | retire on me over the course of a year.] Certainly I've seen
           | a fair bit of motion among fairly senior employees between
           | companies but I don't know how it compares to the baseline.
           | 
           | What anecdotally _is_ the case is that there are a lot of
           | staffing issues for service sector jobs.
        
             | pojzon wrote:
             | > In professional circles, maybe you see some people
             | retiring sooner than they would otherwise would have.
             | 
             | Mother was working as a teacher for over 40 years. A real
             | teacher by calling. Kids loved her, always got the most
             | flowers and chocolades etc.
             | 
             | Unfortunately she had to retire prematurely because the
             | work conditions became terrible.
             | 
             | Goverment wants you to do more and more for the same pay.
             | On top of that ppl quit and you have to fill in for them
             | too. Slowly the situation will resemble retail sector.
             | 
             | Healthcare and Education are the two sections we should
             | NEVER be cheap on.
             | 
             | Unfortunately our rulers dont see that.
        
               | mcshicks wrote:
               | America spends more per Capita than any other nation.
               | 
               | https://www.statista.com/statistics/236541/per-capita-
               | health...
        
         | nh23423fefe wrote:
         | Maybe you should put forward an affirmative argument of non-
         | existence or continuity with the past, etc. Otherwise, you are
         | just asserting formless skepticism -- with no evidence.
        
           | NikolaNovak wrote:
           | Hmm; I think of it more as the null hypothesis - it is the
           | alternative/proposed hypothesis that would need evidence in
           | my mind. I.e. my daily necessary-for-sanity assumption is
           | that 10 million gazillion things are pretty much the same
           | today as yesterday; if a headline/claim is "This thing has
           | changed/Occurred!", _that_ is what needs evidence in order
           | for claim to be relevant /substantiated/interesting.
        
             | JoeAltmaier wrote:
             | Or just google it.
        
           | mcnamaratw wrote:
           | Do you have any evidence of this?
        
           | JasonFruit wrote:
           | Skepticism is appropriate when there's no evidence, in
           | general. No opinion on this matter.
        
           | [deleted]
        
         | dominotw wrote:
         | great musical chairs
        
           | Sohcahtoa82 wrote:
           | It's the result of moronic short-sighted managers and HR
           | departments that would rather pay replacements 50% more than
           | the existing employee than to give the existing employee the
           | 25% pay bump necessary to keep them.
        
           | DebtDeflation wrote:
           | I think this is closer to the truth. People are changing
           | jobs, changing careers, going back to school, etc. more
           | frequently. But I don't buy the narrative that people are
           | just dropping out and living the van life or whatever. At
           | least not in significant numbers.
        
         | idiotsecant wrote:
         | The plural of anecdote is not data, but my employer has
         | definitely felt this. In the last year they've lost
         | approximately 25% of empoyees (who were _very_ long-term, not
         | temps and young people only) to retirement and job moves, which
         | is extremely high compared to baseline.
        
         | stonemetal12 wrote:
         | To add a little color to the bare link already posted:
         | 
         | Back in 2000 the Department of Labor started tracking the
         | number of people quitting their job. The number has bounced
         | between 1.5 and 2.5 percent during that time. The number
         | recently went up to 3 percent, and is staying high.
         | 
         | From that it appears "something" is happening. Given the lack
         | of historical data it is impossible to tell if it is normal
         | variability or something interesting.
         | 
         | https://en.wikipedia.org/wiki/Great_Resignation
        
       | rednerrus wrote:
       | How is this possible? Hasn't academia been cranking out more
       | academics than they've needed for the past 40 years?
        
       | hintymad wrote:
       | The number of administrative staff in universities has been
       | increasing faster that that of faculty. I was wondering if this
       | is the culprit of run-away cost of universities and the culprit
       | of general stagnation of faculty salary.
        
       | lvl102 wrote:
       | It's difficult for me to feel bad for these institutions. They
       | jacked up tuitions and caused an entire generation of people to
       | carry lifetime of crippling debt.
        
         | wmeredith wrote:
         | > They jacked up tuitions and caused an entire generation of
         | people to carry lifetime of crippling debt.
         | 
         | Please dig deeper if you care about this issue. My wife works
         | at a state school and _by far_ the overwhelming factor on
         | rising tuition has been the systematic defunding of state
         | schools since the 1980 's. Our state university currently
         | receives about 20% of what it once did from the state 40 years
         | ago.
        
         | JoeJonathan wrote:
         | It's not like universities are just lining their pockets. I'm a
         | humanities professor at a small liberal arts college with a
         | high tuition, and we struggle to pay professors fair wages
         | (when compared to peer institutions, which doesn't even account
         | for differences in cost of living, and we're in an HCOL city).
         | 
         | I do not fully understand the economics of higher education--
         | they're complex and often opaque--but a few things to keep in
         | mind:
         | 
         | 1. Tuition seems absurd, but very few students pay the sticker
         | price. At my institution, average cost after aid is 39% of
         | average cost before aid, and less than some of the private K-12
         | schools in this city. 2. "These institutions" are not a
         | monolith. See above--especially when it comes to prestigious
         | schools, many students aren't paying close to sticker price. 3.
         | Families and students expect much more from colleges than they
         | did a few decades ago, both in terms of facilities and
         | staffing. I don't know if anyone's done a study of student
         | wellness center staff sizes, but I wouldn't be surprised if
         | they doubled over the past two years. 4. The sciences (and
         | things like conservatories) are particularly expensive because
         | of equipment/lab costs. Someone has to pay for all this. I
         | think more should come from the corporate America (not sure
         | how), which benefits greatly from these programs, but I'd
         | venture to guess most comes from tuition and government grants.
        
           | lvl102 wrote:
           | Here's my counter argument: public high schools do it for far
           | less. Outside of maybe 40 research institutes in the US, the
           | rest offer about the same education as a good public high
           | school. It's really not unheard of to hear college grads say
           | they got better education at their high schools vs college.
           | Secondly, these schools are TAX EXEMPT. They use endowments
           | to basically buy buildings all the time. A great example of
           | this is NYU. Really a mediocre school but happens to be the
           | biggest real estate player in one of the most expensive
           | markets in the world.
        
       | muaytimbo wrote:
       | I'm surprised it took them so long to get fed up, reaching the
       | mid-career level. I realized doing my PhD that all of academia is
       | a toxic house of cards built on cheap grad student labor, foreign
       | student tuition and grant beggary, and the false promise to
       | students of at least an interesting (if not particularly well-
       | paid) career. If it took you until mid-career to realize this . .
       | . you weren't observant and I don't really feel that sorry that
       | you were asleep for so long.
        
         | qmmmur wrote:
         | Yep! I was warned almost immediately and had good supervisors.
         | It doesn't change the fact that academia is built on wage
         | theft, precious contracts and volatile sources of income. Don't
         | even get me started on the middle manager bullshit.
        
         | ska wrote:
         | A bit over-egged, but there is not denying there are a raft of
         | problems in academia.
         | 
         | On the other hand, observant or not, it's still (nearly ) the
         | only game in town for some sorts of things that people want to
         | do. Some people pursue that for a long time hoping things will
         | shake out ok for them... as it does very much for some.
        
           | seydor wrote:
           | Some of these things can be done by anyone yet academia
           | gatekeeps the academic creds for itself. E.g. anyone can do
           | machine learning research, but you can't publish in a journal
           | without being affiliated to a university
        
             | freyr wrote:
             | That's not true at all. Papers come from industry all the
             | time. I know of independent researchers who make up an LLC
             | name and use that as their affiliation.
             | 
             | Most people who publish in journals are affiliated with
             | academia simply because that's where the vast majority of
             | basic research happens.
        
             | jpeloquin wrote:
             | Start your own journal? It doesn't necessarily matter that
             | citations to it won't be tracked in Scopus or whatever when
             | it's first launched. Even the gatekept academic journals
             | aren't automatically accepted into citation databases and
             | academic search engines, it usually takes several years
             | after they're launched to be fully accepted. Or discard the
             | journal framework entirely--as long as people who are
             | interested in the work can find the work, it's fine.
             | 
             | Edit: One of the most important papers in fracture
             | mechanics was published in a campus newsletter. The
             | publication venue doesn't matter that much.
        
         | abcc8 wrote:
         | That, or you were fortunate enough to matriculate into a
         | program at a world-class research university with adequate
         | support and funding, where your peers have graduated and gotten
         | their desired next positions, and where you felt you were
         | learning and gaining valuable skills? Sure, not everything is
         | great all of the time, but not all PhD experiences are like you
         | describe either.
        
           | muaytimbo wrote:
           | I went to a world class research University (an Ivy, top 15
           | in my field). The environment is still toxic, pay is low, and
           | still very few got the professorships they sought.
        
           | time_to_smile wrote:
           | Where is this mystical world you describe? Are you
           | tenured/tenure track faculty at a major university?
           | 
           | I have a wide range for friends all from top tier
           | universities, none of them had the experience you're
           | describing. Today coming from a top tier program at a place
           | like Harvard, MIT, Cornell or Yale means you have a _shot_ at
           | landing a tenure gig at a mid to top tier university, but it
           | sill requires a long run of post-doc wandering. The
           | environments are still toxic, and the majority still end up
           | fleeing to other careers to make a living.
        
         | actually_a_dog wrote:
         | Yeah, I realized before finishing my PhD that academia was a
         | Ponzi scheme and I was one of the bag holders at the end.
         | Tenure track positions haven't been growing for many years now,
         | yet degrees are being awarded at far higher than replacement
         | rate. TBH, I should have realized it was a list cause when I
         | found out doing 3 postdocs wasn't an unusual situation.
        
         | blahblarblar wrote:
         | It's not that they weren't paying attention. It's more that
         | academics egos can't handle the loss to their identity of not
         | being an academic anymore.
        
           | SantalBlush wrote:
           | That's not entirely the individual's fault. With many (or
           | most) academic fields, leaving academia for industry is seen
           | as failing, and leaving the institution means leaving the
           | network.
        
             | blahblarblar wrote:
             | It's definitely partially academia that does this. When you
             | are a grad student you are paid so poorly and worked so
             | hard it is difficult to build a substantial identity
             | outside of being an academic. Academia is good at marketing
             | itself as a noble cause that imbues very high status if you
             | can ever "make it" so quiting is giving up on that lofty
             | dream. Where in industry it is definitely "not cool" if you
             | build your identity around your job. That creates a helpful
             | firewall that pushes people to develop something outside
             | their work.
        
             | foldr wrote:
             | This is very true. The only way I coped with it was by
             | basically just cutting off any contact I had with people in
             | my former field, with the exception of a couple of friends.
             | Or at least, I like to think that I cut off contact. A more
             | realistic assessment is that I simply ceased to exist to
             | most of those people as soon as I left the field.
        
               | blahblarblar wrote:
               | I did the same thing. It wasn't conscious, it was more
               | that they lived in a completely different world from
               | where I went. We couldn't really relate as much anymore.
               | Like we now had very different approaches to life.
               | Academy moves so slow. When I check up on people I'm just
               | shocked at how little has changed with them.
        
             | [deleted]
        
             | lvass wrote:
             | Caring about something like this is all about ego, though.
             | What good is this network if you're stuck?
        
         | JacobThreeThree wrote:
         | >cheap grad student labor, foreign student tuition and grant
         | beggary, and the false promise to students
         | 
         | Don't forget about those sweet, sweet tax-free endowment
         | investment gains.
        
       | stanford_labrat wrote:
       | Not sure I count as mid career yet(graduated 2018, starting PhD
       | 2022) but I can certainly echo the sentiment. I work in life
       | sciences academia and if it were not for me leaving for school I
       | 100% would be swapping to industry. I'm even quitting a bit
       | earlier than anticipated because I'm fed up.
       | 
       | I've been getting a lot more recruitment outreach this spring,
       | some good some bad. The biggest thing is that they're offering
       | sometimes up to 2x my salary. My institution already compensates
       | much higher than most schools (I make 70k, most research techs
       | make like 30k-40k) so this was quite striking. Also hours are
       | better, etc.
       | 
       | A better barometer perhaps would be the postdocs I know, the
       | majority of which are not bothering to pursue academia. Only 2
       | that I'm aware of landed tenure track faculty jobs. I personally
       | have no plans to stay in academia unless I somehow land a tenure
       | track faculty position at a R1 university which might as well be
       | like winning the lottery. I'll stick to industry or leverage my
       | training to go into patent law/science policy/biotech investing.
        
         | qmmmur wrote:
         | I'm a post doc now and it's as far as I'm tolerating to go. The
         | system is and I personally can have a much better life just not
         | being in it. M
        
         | quantum_magpie wrote:
         | Mid-career would be associate professor or equivalent in non-
         | teaching institution, where you begin to establish your own
         | group, and have your own doctoral fellows.
         | 
         | A postdoc/research associate would be early career researcher,
         | where you still are a member of a research group, but might
         | have bachelor's and master's students under your supervision.
        
         | yCombLinks wrote:
         | A standard career is about 40 years, so mid career is about 20
         | years in
        
       | seydor wrote:
       | nothing else actively promotes and engages with minorities as the
       | academia does. If these people can't make it in _that_
       | environment, i doubt they can make it in open competition. On of
       | the  'good' things of academia being turned to a paperpushing
       | administration exercise is that it's easy (albeit boring) to do
       | that kind of job at any level.
        
       | anonymousDan wrote:
       | In the UK at least there is huge discontent about the recent
       | pension cuts. The salaries already suck (especially in a
       | technical field such as CS), but a 40% cut to pensions as a
       | reward for the efforts put in to handle COVID is just too much.
        
         | pjc50 wrote:
         | Yeah, I'd expect anyone who can get out of the field to do so
         | in the UK; the pensions fiasco is the opposite of a staff
         | retention effort, and in general the profession suffers from a
         | lack of respect.
        
         | beezlebroxxxxxx wrote:
         | My understanding, as well, is that as much as the tenure track
         | situation in NA is on the disastrous side of bleak, the
         | European and specifically UK tenure track (or equivalent)
         | situation is almost worse.
         | 
         | I know you pointed out salaries, but the vast majority of
         | junior academics are not interested in chasing higher salaries.
         | They are there for their research and the opportunities to
         | pursue that research.
        
         | udp wrote:
         | The salaries suck but this is the UK. If you're in the correct
         | social class to be an academic you should have your own
         | independent means, and use your academic salary as nothing more
         | than rent for the townhouse you're staying in while away from
         | your country estate. /s
         | 
         | (Somehow this is both sarcasm and the literal situation of
         | people I know.)
        
           | pmyteh wrote:
           | When I was a postdoc at Oxford there was an article in one of
           | the university magazines complaining that full professors
           | could no longer afford one of the lovely giant late-Victorian
           | villas in North Oxford that used to be occupied by academics.
           | 
           | Hilariously, it turns out that was _always the case_. The
           | profs with the fancy houses were never doing it on their
           | university salaries; they were doing it on family money.
           | Meanwhile, one of my colleagues resigned and left because he
           | couldn 't afford to pay rent for him and his partner in
           | Oxford on a postdoc salary. Plus ca change...
        
           | _Wintermute wrote:
           | I'm in academia in London at the moment and this really
           | struck true. All the senior staff bought their houses for
           | pennies 30 years ago which are now worth millions, and don't
           | seem to understand why the more junior staff are so worked up
           | about salaries. Rent is 50% of our pay cheque and any house
           | within an hours commute is 10x annual salary.
        
           | [deleted]
        
         | icelancer wrote:
         | > huge discontent about the recent pension cuts
         | 
         | I get this, but these are almost all ponzi schemes when
         | "guaranteed" by the government or some form of bureaucracy. We
         | deal with it in the US. Chicago and Philadelphia public
         | pensions are underwater with no way to solve the problem, so
         | elected officials kick the can down the road until it blows up.
        
           | anonymousDan wrote:
           | Wrong. In the UK the universities collectively are part of
           | USS, the biggest private pension fund in the UK The annoying
           | thing is that this was in rude health until the university
           | management controlled board decided to take a pension
           | valuation during the middle of COVID. The driving factor is
           | that 10 years or so ago the university sector was deregulated
           | such that universities are no longer capped in terms of the
           | number of students they can take. This has lead to vicious
           | competition between universities to hoover up as many
           | students as possible. As a result they are no longer willing
           | to cross-subsidize each others pension funds.
        
             | icelancer wrote:
             | >> As a result they are no longer willing to cross-
             | subsidize each others pension funds.
             | 
             | >> universities are no longer capped in terms of the number
             | of students they can take
             | 
             | >> Some form of bureaucracy
        
               | anonymousDan wrote:
               | Fair enough, was just pointing out it's not (primarily) a
               | government backed scheme (in theory at least).
        
       | nonrandomstring wrote:
       | Universities are in trouble. I know of three that are unable to
       | hire for senior and middle positions. They've been advertising
       | for months. Here (UK), Brexit is partly to blame, along with post
       | Cov19 fatigue, and aging population with many retiring. As I've
       | said in other comments, the main problem is that academia has
       | become hideously corrupted by "professional management" values
       | leading to de-skilling as good people leave.
        
         | pvaldes wrote:
         | This didn't started with covid19. It started with Bologne.
        
         | randomsearch wrote:
         | > As I've said in other comments, the main problem is that
         | academia has become hideously corrupted by "professional
         | management" values leading to de-skilling as good people leave.
         | 
         | As I've said in other comments, this is correct - I can confirm
         | this is the case at several top tier UK universities.
        
         | cehrlich wrote:
         | I don't know about other parts of the UK, but I interviewed for
         | some (senior) lecturer positions last year and the salary was a
         | joke by London standards. I'm not comparing to lofty SWE
         | salaries here, but just compared to what it takes to make a
         | decent living in London.
        
         | krastanov wrote:
         | What does "senior and middle positions" mean? Are you talking
         | about something that has the potential to be a tenured
         | position, non-tenured academic positions, or non-academic
         | positions?
        
           | nonrandomstring wrote:
           | By senior I mean "senior or associate professors and
           | lecturers" like myself, and by middle I mean postdoc full
           | lecturers with at least 5-10 years. I don't know what to say
           | about the word "tenured" because it's meaning seems very
           | different in the UK than it is used in USA. In the US I get
           | the idea people think "tenure" makes you impossible fire. Yet
           | here I know of two full professors with over 20 years
           | service, scores of publications and teaching awards in their
           | pockets who were "let go" (forced quit). I know many more who
           | are planning to quit, and there seems a dearth of
           | replacements to step into their shoes.
        
             | pmyteh wrote:
             | Where are you based?
        
               | nonrandomstring wrote:
               | Institutions? I'm actually really lucky in that I teach
               | internationally at multiple institutions, university and
               | non-university. What's useful and interesting is it gives
               | me a broad taste of politics (as well as a way to stay
               | out of the melee).
               | 
               | That's why I'm quite confident in saying generally
               | "universities are in trouble". I've seen it over time and
               | geography. Not all places of higher learning are. Some
               | private and state entities are thriving. What is killing
               | the universities, in my opinion, is they're caught in a
               | no-mans-land, as neither fully state entities, nor
               | private concerns.
        
               | pmyteh wrote:
               | Ah, interesting. Yes, our current position is deeply
               | unhelpful. State enough that VCs will jump to follow some
               | arbitrary after-dinner speech by the Minister, but
               | private enough that we're competing in a 'market' with
               | each other and carry a bunch of financial risks directly.
               | 
               | Colleagues in other countries have suggested that "each
               | unhappy university system is unhappy in its own way".
               | Hugely constrained funding in some countries, direct
               | government interference in others, rampant casualisation
               | in a third, a collapse in scholarship in a fourth...
        
             | [deleted]
        
             | arghnoname wrote:
             | I had the training and a reasonable chance at an acceptable
             | offer if I went on the academic job market, but I bailed
             | out and went into industry instead of trying my hand on it.
             | To my mind, it doesn't make sense to try to break into and
             | establish yourself in such a competitive field with all of
             | the problems of academia.
             | 
             | I also knew plenty of more senior professors that left the
             | field, which didn't encourage me to backfill it. Strangely
             | enough, whatever difficulty there may be in the more senior
             | ranks, entry sure seems like a grind.
        
               | TSiege wrote:
               | Interesting. Are you in STEM or some other field? As an
               | outsider I'm curious if this is specific to some fields
               | or the same across academia
        
               | nonrandomstring wrote:
               | CS/EE, so yeah, the blight affects all areas, even the
               | ones you'd imagine were "safer".
        
           | pmyteh wrote:
           | We don't have tenure as such in the UK (it was abolished by
           | Thatcher). We do have jobs with permanent contracts; these
           | used to be really quite secure (occasional department-closure
           | redundancies notwithstanding) but the current batch of senior
           | managers seem keen to make everyone afraid for their jobs. My
           | own university (Liverpool) attempted more than 50
           | redundancies on the basis of dodgy performance metrics last
           | year and generated six months worth of industrial action.
           | There are also (increasing) numbers of teaching and research
           | staff on casual and temporary contracts. Some of these are
           | postdocs, others equivalent to US adjuncts or Visiting
           | Assistant Professors.
           | 
           | Our middle and senior management are increasingly a separate
           | class. It used to be that management was done by established
           | academics on a temporary basis: the department's full
           | professors take their turn as head of department, for
           | example, and the Pro-Vice-Chancellors (deputy Presidents)
           | would have recently been senior profs. Nowadays, heads of
           | department tend to be externally recruited as such, there's
           | an increasing group of senior management that have never been
           | academics, and those that have been are essentially part of a
           | separate management track that doesn't really interact with
           | the career paths of the rest of us.
           | 
           | The traditional governance measures have also broken down: it
           | used to be that the faculty Senate was (probably
           | over-)powerful; now management is corporate-style in the
           | hands of Vice Chancellors-as-CEOs with their senior
           | management colleagues and carefully selected 'independent'
           | non-execs serving as oversight.
        
         | JacobThreeThree wrote:
         | >unable to hire for senior and middle positions
         | 
         | As usual with these claims, chances are it's due to the fact
         | that these positions don't pay enough to be competitive.
        
           | lozenge wrote:
           | Maybe, but UK universities don't have much headroom. They
           | can't raise their student fees past the government set level;
           | the government funding per student has decreased; only the
           | oldest institutions have massive endowments; and they don't
           | spend crazy amounts on sport, admin or pampering students.
           | 
           | Some of them can try to squeeze their student base a bit more
           | (increase accommodation prices, reduce subsidies in the food
           | halls, etc) but the students don't have access to private
           | loans so they can't afford much.
        
             | jknoepfler wrote:
             | I mean... If the voters won't pay more taxes to fund their
             | own educational institutions, then that's that yeah? The
             | people are letting their centers of learning rot because
             | they don't value them.
        
             | pmyteh wrote:
             | Honestly, I don't think this would be such a problem if the
             | job wasn't getting so grim. It's HR 101 that salaries help
             | with recruitment but are less important for retention and
             | that a cash raise can't substitute for a poor working
             | environment. Even with the 20% salary cuts of the last
             | decade I don't think they'd have much trouble obtaining
             | enough staff (outside London) if people felt respected.
        
           | pvaldes wrote:
           | And the surrealist list of artificial obstacles and
           | requisites unrelated with the job, (but copy-pasted since
           | middle ages by inertia in each job offer) will alienate your
           | desired target
        
       | meling wrote:
       | Prof. from Norway here. While it sounds like the situation in the
       | US and UK is worse than our own, I'm seriously considering moving
       | to industry after 20 years in academia. Mainly fed up by ever
       | growing admin, and stupid financial oversight regulations, and
       | the general workload... and many other things that isn't wise to
       | complain about publicly.
        
       | upupandup wrote:
       | For someone with decades experience in software industry, is it
       | possible to take on part-time teaching positions in universities?
       | Is it worth the balance? Seems kinda cool to teach students and
       | come up with course materials.
        
         | t_mann wrote:
         | Definitely consider it! Financially, you'll barely break even
         | in the beginning after accounting for commuting and how much
         | work it is to set up a course initially, but emotionally it's
         | very rewarding. As a nice perk, sometimes students (usually the
         | smartest ones) will ask you if you have projects for them to
         | dig deeper, so you've got a great talent pool at your hand.
        
         | MikeTheGreat wrote:
         | Yes! Absolutely!
         | 
         | In fact, any college will be thrilled that you're interested.
         | Owing to several factors it's very, very difficult to find
         | people who have a software engineering background and are
         | looking to teach.
         | 
         | Please do look at part-time ("adjunct") positions at any
         | universities, colleges, and community colleges near you!
        
       | icelancer wrote:
       | I am going the other way, humorously enough. I know a few people
       | who are, too - people who made their mark in the "private"
       | sector, made enough money via their own small business / startup
       | / MANGA job, and are pursuing a graduate-level degree lazily over
       | a half-decade with ideas of teaching part-time for fun.
       | 
       | Surely doesn't help people who want to make actual money doing
       | the job, but it doesn't seem like that's realistic for 90% of
       | people anyway.
        
       | tpmx wrote:
       | Lol, no.
        
       | rr808 wrote:
       | Baby boomers retiring is going to hit most faculty very hard. Not
       | sure if it means new opportunities for the younger staff or just
       | the whole department will fall apart.
        
       | joshgroban wrote:
       | This is actually really scary. As American universities become
       | less powerful I shudder to think of what kind of radical politics
       | and cultural narratives will sweep the nation.
        
         | Clubber wrote:
         | Are you being serious or sarcastic?
        
         | sydthrowaway wrote:
         | Or China will take over advanced manufacturing.
        
           | nikanj wrote:
           | Turns out making increasingly complex things was a better
           | strategy than making increasingly complex financial
           | instruments
        
         | daenz wrote:
        
         | adamsmith143 wrote:
         | Isn't this exactly the opposite of the current state? That the
         | overwhelming power of Universities in the US is what spreads
         | cultural and political movements? I think you could argue that
         | the entire Woke enterprise is centered on Universities
         | particularly elite ones.
        
           | JaimeThompson wrote:
           | > entire Woke enterprise
           | 
           | How are you defining "Work enterprise"?
           | 
           | Note: Work should be Woke. Error on my part.
        
             | all2 wrote:
             | No, no, I think GP means "Woke".
        
               | adamsmith143 wrote:
               | Indeed, edited to reflect that.
        
           | themitigating wrote:
           | Can you argue that is the source and/or the majority of the
           | people? Maybe the views of a small number of academics have
           | been amplified by those who have opposite political views and
           | a dedicated audience
        
             | adamsmith143 wrote:
             | Not a Historian but it seems pretty clear that a lot of
             | activism comes directly out of Universities. Berkeley is
             | famous in that regard for example. These movements do tend
             | to ripple across the country.
        
           | LightG wrote:
           | /Start
           | 
           | Subroutine: auto-detect use of 'Woke'; start flush opinion
           | routine.
           | 
           | Set recurring reminder note to user - don't ever get this
           | intellectually cringe.
           | 
           | /End
        
         | StevePerkins wrote:
         | Heh... I think this is subtle trolling.
        
       | JoeAltmaier wrote:
       | My niece left academia for Draper Labs, where she has had a very
       | productive career. Done far more for society than she would have,
       | at a school. Instead of struggling for grants for her basic and
       | applied research, often finding herself unfunded for a term or
       | year unexpectedly, she's funded liberally and makes quick
       | progress on important issues. Never looked back.
       | 
       | Something is broken in Academia.
        
       | ajsnigrutin wrote:
       | Years ago i had an option to start an academic carreer (after
       | finishing my studies), and the basic situation back then was
       | publish-or-parish for titles and etting your own EU/locally
       | funded projects/grants and doing most of the stuff yourself,
       | while being limited a lot by paycheck (you're still a public
       | employee) and promotions to tenured positions, because basically,
       | the person there had to die, since it was impossible to remove
       | them, and almost none of them retired voulontarily...
       | 
       | So I said "nope".
        
       | mikewarot wrote:
       | Here in the US, I expect a lot of K-12 teachers to be leaving the
       | field. The additional demands created by Covid were the last
       | straw for many. Their employment contracts are such that they
       | have to give months of notice, so I expect all to be quiet until
       | August, then panic everywhere as slots can't be filled.
        
         | gnicholas wrote:
         | Why wouldn't you have expected them to leave last summer? I
         | have a couple friends here in CA who did.
        
           | dhosek wrote:
           | I'm guessing the hope that the 2021-22 school year would be
           | better.
        
         | blululu wrote:
         | (Public School) Teacher pay is largely structured to encourage
         | retention. The salary is pretty lousy if you only do it for 2
         | years, but if you stick around for 40 years it is a well paying
         | job in most States. The pay increases for seniority and the
         | compounding interest of pensions add up to a very good salary.
         | There is also the other problem that a lot of states require an
         | education degree to teach in public schools which is somewhat
         | specialized. A lot of mid-career educators that I have spoken
         | with find that their skills don't really qualify them for a lot
         | of jobs and becoming a private school teacher typically means a
         | pay cut.
        
           | munk-a wrote:
           | To be honest though - even rather senior teachers in the
           | states can expect a large pay bump if they emigrate to
           | Canada. There is pretty decent competition to get into the
           | teacher's union up here but due to the much more reasonable
           | salaries for a career that most people enter due to their
           | love of the field folks are happy to stay in the public side
           | of education.
        
             | brianwawok wrote:
             | And in college, the situation is reversed.
             | 
             | My econ prof was from Canada and told us all the time what
             | a better racket the US is to make money. All while making
             | us buy a $90 book that he wrote and changed editions
             | yearly.
             | 
             | At least he was honest that he was robbing us blind.
        
           | Pulcinella wrote:
           | It's literally not structured to encourage retention,
           | definitely not at the same school. Those salary schedules on
           | district websites? Those are for new hires. So someone with
           | 40 years of experience in one school will be paid less than
           | someone hired with 40 years. Raises aren't at all guaranteed
           | each year and even when you do get them, they often don't
           | match the salary schedule of someone hired new to the
           | district.
           | 
           | Also 40 years of experience doesn't pay much in general. I
           | was paid more as a new associate developer than I would have
           | with 40 years of experience and a masters degree as a
           | teacher.
           | 
           | Pensions don't have compounding interest, they are defined
           | benefits. And often they are in place of social security
           | (though the amount you pay in as a teacher is basically
           | equivalent to social security taxes). They can be good, but
           | it's risky and depends on the state. Lots of states like to
           | raid the pension fund and then promise to make it up later
           | (but rarely do). Cutting pensions is also a popular move to
           | score political points, so it's possible that you could
           | always end up with little to nothing by the time you retire.
        
           | hackernewds wrote:
           | Well now they're discussing also teachers to require to be
           | armed guard as well. Brilliant idea eh?
        
         | bsder wrote:
         | Teachers are not waiting. I know of several who retired mid-
         | year. That _NEVER_ used to happen.
         | 
         | Covid didn't break their back--shitty parents did. Covid just
         | ran the parental shittiness meter up to max.
         | 
         | And, to put a cherry on top, practically all teachers now have
         | multiple students who actually had a parent _die_. In a normal
         | year, that would be rare and that child would get lots of
         | counseling. With Covid--it 's too common and the teachers have
         | to deal with it. Just like everything else.
         | 
         | And people wonder why teachers are quitting ...
        
           | muaytimbo wrote:
           | Studies show that students didn't learn almost at all during
           | covid (1). Understandable that remote learning likely isn't
           | good in general and that teachers were not trained to teach
           | in this setting but parents might have realized their
           | children were not learning at all and fair or not placed this
           | blame on the teachers.
           | 
           | 1. https://www.pnas.org/doi/10.1073/pnas.2022376118
        
           | prepend wrote:
           | > practically all teachers now have multiple students who
           | actually had a parent die.
           | 
           | This is extremely unlikely and if you know multiple teachers
           | with this condition you just have really bad luck.
           | 
           | Only about 60k COVID deaths are 30-49 [0] with another 200k
           | for 50-64. This is about 25% of COVID deaths in the US.
           | 
           | There's 50M school kids between k-12 [1] so the odds of a kid
           | having a parent who died is really low: 1:50M/60k _2 for
           | typical age range of school age kids or 1:50M /260k_2 if you
           | lump in the older age group, but I think that age group is
           | less likely.
           | 
           | So if you're a teacher and teach 7 classes of 30 students
           | your odds of having a single kid with a parent who died is
           | 50% so certainly not "practically all teachers."
           | 
           | [0] https://www.statista.com/statistics/1191568/reported-
           | deaths-... [1] https://nces.ed.gov/fastfacts/display.asp?id=3
           | 72#PK12-enroll...
        
           | samatman wrote:
           | > _And, to put a cherry on top, practically all teachers now
           | have multiple students who actually had a parent die._
           | 
           | This can't possibly be the case. 67,366 adults between the
           | ages of 18 and 49 have died (of COVID) in the US during the
           | entire pandemic. There are 25 million children of primary
           | school age in the US.
           | 
           | Why explains this discrepancy? Social media. Every teacher
           | _has seen other teachers mourning the death of parents on
           | social media_ , and that feels like something that actually
           | happens to you.
           | 
           | But no. It is absolutely not the case that practically all
           | teachers have multiple students who lost parents to COVID.
           | The math is completely off.
        
         | crmd wrote:
         | My sister got a masters in education and taught for 5 years in
         | the NYC school system, hating every moment of it. A big SaaS
         | company took a risk on her and hired her as a salesperson. She
         | is crushing it, working from home, and occasionally reminiscing
         | about the night and day difference in well-being between
         | working at schools vs a real company.
        
       | kd913 wrote:
       | At some point, this nonsense has to stop. Both in the UK and the
       | US.
       | 
       | 1) Student loan plans (especially in the UK) are gonna cripple
       | the economy and are vastly unsustainable. Especially given the
       | ridiculous payback terms that change on a whim every year, and
       | vastly unsustainable interest rates. People aren't earning enough
       | to pay them back either.
       | 
       | 2) Grants are being used as a negotiation tactic, with EU horizon
       | funding being held hostage by the NI protocol negotiations.
       | 
       | 3) There looks to be a sharp drop off of Chinese student inflows
       | post-covid.
       | 
       | 4) We are hitting a bump where we will soon see the population
       | curve drop, and a dramatically reduced number of people attending
       | Uni.
       | 
       | 5) As much as people decry the pension changes, I have seen the
       | values given to senior professors and academics. They are vastly
       | unsustainable.
       | 
       | 6) University appears to be hitting a weird point of serving too
       | many functions. It props up real-estate, loads millennials/gen-X
       | with debt, acts as a adult school, and provides critical
       | research. A lot of these functions should frankly be split up for
       | different purposes.
       | 
       | Don't even get me started in regards to the current ridiculous
       | scheme used to train junior doctors and nurses.
       | 
       | 7) Given we have had 2 years of at home lecturing, at what point
       | does the value of this come into question? Professors barely
       | learning how to use a laptop are not worth 3x an open university
       | degree.
       | 
       | 8) At some point someone is gonna realize that the paper
       | generated by some of these institutions is not gonna help in a
       | rapidly shrinking junior job market. The nature of which appears
       | to be rapidly changing.
       | 
       | 9) Current Universities work on vastly exploiting their phd
       | students, supervisors, postgrads and teaching assistants at close
       | to minimum wage. People are gonna realize this isn't worth it,
       | especially with rapid CoL rises.
        
         | pmyteh wrote:
         | FWIW on your (5) there's nothing unsustainable about the most
         | recent iteration of the pension scheme. The problems are an
         | interesting (if infuriating) combination of the employers
         | wanting to kill the defined benefit scheme to save money, the
         | government's regulatory framework being designed to protect
         | pensionholders in closed defined benefit schemes and not to run
         | functional private DB schemes (which are nearly all gone), the
         | Trustee company being untrustworthy, and the governance
         | arrangements being poor. The only people really committed to
         | the scheme continuing are its members, for whom it's
         | theoretically run but in practice have very little control over
         | it.
         | 
         | If you want an illustration of the magnitude of the problem the
         | might resonate with HNers: the USS Trustee is aiming to achieve
         | _CPI+0% investment returns for the next 40 years_. With long-
         | run equity returns being what they are, that 's borderline
         | criminal. (It's certainly not the investment strategy that
         | universities will be adopting for their own endowments).
         | 
         | The honest truth is that the USS was highly solvent on a going
         | concern basis before the recent changes (which already involved
         | prospective cuts of 30% to accruals only a few years ago). It
         | only generates a deficit if you model closing the scheme
         | tomorrow and shunting the entire fund into gilts in order to
         | eliminate all investment risk. But even if you do that, the
         | _scheme can still pay_ : it's explicitly backed by the combined
         | assets of every scheme member, which includes all the richest
         | universities and (hilariously) _the government_.
         | 
         | Oh, and the present cuts will take it down to less than half
         | the pension of our colleagues in the newer post-92 universities
         | who are in the Teachers' Pension Scheme. What price a formal
         | government guarantee?
        
           | kd913 wrote:
           | I am not particularly talking about the most recent iteration
           | of the pension scheme which I can imagine being a lot more
           | cut down and closer to traditional private pension schemes.
           | 
           | Largely talking about my experience seeing my parents'(30
           | year professors) pension who are in the Teacher's pension
           | scheme along with other pension schemes.
           | 
           | From my perspective, I was blown away by the figures they
           | were being given. With my points in regards to a potential
           | drop in grants, and funding from students. I fail to see how
           | the figures I saw will be sustainable going forward.
        
             | pmyteh wrote:
             | Yeah, those days were ended years ago. The present
             | generation of senior management are doing _very_ nicely
             | though: their historically-acquired final salary
             | entitlements with a generous accrual rate coupled with
             | recent insane inflation in senior management salaries mean
             | they 're going to make out like bandits.
             | 
             | My own projected pension is PS13,180 a year, based on about
             | 30 years' worth of (mostly future) combined
             | employer/employee contributions of 30% of a salary of a
             | little less than PS40k/yr. Big bucks it is not.
        
           | e40 wrote:
           | I'm not exactly sure what the GP was talking about, but if
           | the pension benefits are guaranteed and greater than the
           | return on funds invested in the pension, then the only way
           | the pension plan could be sustainable would be in some growth
           | scenarios. In many growth scenarios, though, it wouldn't be.
           | 
           | This a problem with many public sector pension plans. Many
           | cities across this country have pension plans that guarantee
           | pensioners income that cannot be paid from the plan without
           | screwing over future retirees.
           | 
           | Clearly this issue has to be evaluated system by system.
        
             | pmyteh wrote:
             | Oh yes, absolutely. This particular scheme is very heavily
             | pre-funded (currently to ~30% of salary, which is why many
             | employers want it dead) and is sustainable as long as your
             | investment strategy isn't 'putting the money under the
             | mattress'. Yes, residual investment risk falls on the
             | universities collectively (by deliberate scheme design) but
             | it's certainly not one of the over-promised schemes of the
             | kind you note. In fact, it's status as a nominally private-
             | sector scheme subjects it to heavy regulation specifically
             | to ensure that the government doesn't get left holding the
             | bag.
             | 
             | If you want far more detail than is sane, there was a
             | 'Joint Expert Panel' set up by the employers organisation
             | and the union to provide a way forward after the industrial
             | action caused by the last attempt to abolish the scheme.
             | Their report analyses USS in detail (rather than pension
             | schemes in general) and is at https://web.archive.org/web/2
             | 0220506092908/https://ussjep.or...
        
         | Espressosaurus wrote:
         | > 7) Given we have had 2 years of at home lecturing, at what
         | point does the value of this come into question? Professors
         | barely learning how to use a laptop are not worth 3x an open
         | university degree.
         | 
         | Two years of home lecturing that by all accounts has resulted
         | in close to two years of lost progress if my observation of
         | teachers complaining about ill-prepared students is anything to
         | go by.
        
           | bee_rider wrote:
           | I think I noticed more divergence in the level of preparation
           | (although, didn't try to quantify it -- grad student here,
           | limited responsibility/scope/ability to make change, so just
           | informal observations). It makes sense -- with at-home
           | instruction there's less of an opportunity to just passively
           | check in with students, remote lectures are easier to ignore,
           | and it is easier to cheat on tests when they are remote (so,
           | unprepared students can get through more easily).
           | 
           | In particular -- it was a real struggle to get my first year
           | college students to do any group work (an opportunity they'd
           | usually jump at, because 50% responsibility, right?).
           | 
           | If this actually is the case, it is a really unfortunate
           | outcome. I'm opposed to getting kids sick/exposing them to
           | "mystery long-term health consequences." But setting them up
           | for academic regression is also no good.
           | 
           | All in all, 0/10 pandemic, would not pandemic again. Not sure
           | there could have been a positive outcome. Not sure what the
           | least-bad option could have been. I wish we'd done more,
           | though. I think we may have failed.
           | 
           | I wish we'd tried some really out there strategies. A pet
           | idea I wanted to suggest was having the students on campus
           | and organizing them by major into units -- so, your
           | dorm/floor (depending on the size of the building) is all
           | your-major students and it forms a unit. Call it the Harry
           | Potter strategy. You can socialize normally with each other,
           | maybe classrooms are assigned to a given unit. Maybe a grad
           | student is assigned to (live with?) the unit (hard, though,
           | grad students have their own lives going on and I guess they
           | wouldn't want to restrict themselves enough to safely
           | interact in person with the students -- I don't think I
           | could). Lectures could be broadcast to the unit, with some
           | local representative for the instructor. No interactions
           | between units, but at least the students would have _some_
           | peers to interact with. But I don 't anyone would have been
           | brave enough take responsibility for this sort of thing
           | safety-wise (I certainly wouldn't), and I don't know that I'd
           | trust the average school to work out all the details. But if
           | it worked out, it could have been really something!
           | 
           | Actually, I guess we're far along enough to see if anywhere
           | tried that out, and if so, if it worked out.
        
         | time_to_smile wrote:
         | > Professors barely learning how to use a laptop are not worth
         | 
         | I have a lot of friends and acquaintances that are university
         | professors and it was frankly embarrassing how many of them
         | could not be bothered to learn to adapt to online teaching.
         | There was endless complaining about basic things that anyone
         | who works in an office doing meeting with remote teams has to
         | learn.
         | 
         | There are entire industries based around providing educational
         | content online, and even more based around creating engaging
         | content online. It's more or less a solved problem and someone
         | with a Phd should certainly be capable of learning a few new
         | tricks. You're not tasked with some impossible challenge,
         | you're just being asked to rethink how you teach for the
         | benefit of hundreds of students paying collectively millions of
         | dollar to learn from you.
        
           | anonymousDan wrote:
           | No matter how much people say it, online learning is a vastly
           | inferior product to in person teaching.
        
         | jimbob45 wrote:
         | > 1) Student loan plans (especially in the UK) are gonna
         | cripple the economy and are vastly unsustainable.
         | 
         | Why do you say that about the UK? I'm not from there and this
         | is the first I'm hearing about problems with UK student debt.
        
           | pmyteh wrote:
           | They're backstopped by the government, in that they're
           | written off after ~30 years if they weren't paid off in that
           | time by the 9% marginal income charge. The scheme was
           | designed as a backdoor graduate tax rather than a
           | conventional finance agreement, and the government has been
           | using them like a credit card to fund the universities off-
           | balance-sheet. Which will be difficult to continue.
        
           | kd913 wrote:
           | So the current plan 2 loans are about 15k per year of study.
           | So for a typical 4 year course, that is about 60k worth of
           | loans.
           | 
           | If you take a 6 year medical course, you are on your own for
           | the 2 extra years at least from a maintenance grant AFAIK.
           | Hence a lot of students, especially those in London
           | struggling for their 5th and 6th year of study. Don't even
           | get my started in regards to the junior doctor salary.
           | 
           | The payback terms of this is 9% of everything you gain beyond
           | a specific threshold i.e. anywhere from 20-25k.
           | 
           | After 30 years, theoretically the loan gets wiped off
           | (unlikely). Already there are talks of extending it for the
           | next gen plans by another 10 years.
           | 
           | The interest rate for this student loan is RPI + 3.5, and
           | adjusts higher the more you earn. Effectively becoming almost
           | impossible to pay back apart from those who are the absolute
           | highest earners.
           | 
           | So far, we have seen the government repeatedly change both
           | the repayment threshold, and the time before it gets wiped.
           | 
           | Given NI rises, I have seen effective marginal tax rates up
           | to 60%.
           | 
           | At the end of the day, the rich are gonna pay it off
           | immediately and avoid the problem, the middle get loaded and
           | pay back far more than necessary during the loan lifetime,
           | and the bottom may get it wiped off but forget the idea of
           | having savings or disposable cash.
           | 
           | https://www.student-loan-calculator.co.uk/
           | 
           | The current system basically reduces massively disposable
           | spending for middle and low earners, doesn't affect the top
           | earners. It also is an effective black hole given most people
           | aren't expected to be able to fully pay back the loan. This
           | will have a massive impact on the economy and government
           | finances. Especially given this is an open blackhole.
        
       | RandomWorker wrote:
       | I left academia for a software company, not midway my career but
       | at the early start.
       | 
       | The decision is easy when you have mouths to feed, wages don't
       | keep up, and I can earn double my salary doing the fun part of my
       | work (ML+optimization+data/energy modelling in civil engineering
       | space) literally the next day. I was working with all kinds of
       | companies to help them get started with this kind of work.
       | Instead of sending my students I just leapt and it's been a
       | tremendous experience. If I return I will be a better professor,
       | however not publishing for a couple of years may kill that dream.
       | Right now, it's a great feeling not to have to worry about food
       | and I can actually focus more on doing my job better. I feel bad
       | about leaving my group, but they can find someone more hungry
       | than me that wants it more.
        
         | samvher wrote:
         | What you mention as "the fun part" does sound pretty
         | interesting. Sounds like you're contracting/consulting? Any
         | advice on finding assignments in the field? (For someone with a
         | DS + non-civil engineering background)
        
         | xtracto wrote:
         | I left academia after 8 years (4 PhD, 4 Postdoc) to go into a
         | startup (non US). For me, I was disillusioned with what being
         | in academia meant: Publish or Perish meant publishing whatever
         | crap mid-work you had for the sake of putting something out. At
         | the time I was also a blind-reviewer in a couple of
         | publications, and the amount of trash papers that arrived due
         | to the same issue was astounding (and no, I didn't get paid to
         | do that).
         | 
         | I would love to do research and science, but I just hate the
         | current status of that "industry".
         | 
         | And this is considering that I traded a "comfortable" life in
         | Germany, with all the great social safeties in there (I didn't
         | have a problem with the language) for a Mexican based startup
         | with very high risk. And the pay was even not that different.
         | After 10 years of my decision, I can say I took the best path,
         | given that it took me to work in other startups that have been
         | doing amazingly well and for which I've got some good amount of
         | stocks.
        
       ___________________________________________________________________
       (page generated 2022-05-31 23:01 UTC)