Academia in general is screwing itself. The main reason for anyone to go into it is to work on interesting problems in a self-directed fashion with amazing job security. You probably wouldn't get rich, but you'll have a nice upper-middle class salary and almost no way of getting fired.
Now the available tenure-track positions are declining every year in favor of adjunct quasi-slave labor. Even if you do win the lottery and get a tenure-track position, from what I understand you'll spend most of your time writing grant proposals to chase funding, and at least 5-7 years trying to please the tenure committee.
So, why exactly would anyone spend 10-15 years making a fraction of what they could in industry for a vanishingly small chance of the eventual payoff of tenure?
If you're going to slave away for 10-15 years anyway before you get to do what you want, you may as well do it in industry where you could put away enough money to be financially independent in that time. The only remaining obstacle is that you still kind of need an institutional affiliation to be taken seriously as a researcher and publish, but that might be slowly changing as the Internet makes it easier to publish.
Now the available tenure-track positions are declining every year in favor of adjunct quasi-slave labor. Even if you do win the lottery and get a tenure-track position, from what I understand you'll spend most of your time writing grant proposals to chase funding, and at least 5-7 years trying to please the tenure committee.
So, why exactly would anyone spend 10-15 years making a fraction of what they could in industry for a vanishingly small chance of the eventual payoff of tenure?
If you're going to slave away for 10-15 years anyway before you get to do what you want, you may as well do it in industry where you could put away enough money to be financially independent in that time. The only remaining obstacle is that you still kind of need an institutional affiliation to be taken seriously as a researcher and publish, but that might be slowly changing as the Internet makes it easier to publish.