Scott Alexander examines the strange dynamics of the academic job market, questioning why colleges prefer new PhDs for tenure-track positions and proposing potential explanations for this system.
Longer summary
Scott Alexander explores the peculiarities of the academic job market, building on Bret Devereaux's analysis. He notes the split between well-paid tenure-track positions and poorly-paid adjunct positions, and questions why colleges prefer hiring new PhDs over experienced adjuncts for tenure-track roles. Scott proposes that colleges want both teaching and prestigious research, leading to a two-tier system. He speculates on reasons for preferring inexperienced hires and hiring from outside institutions. The post concludes by questioning why colleges don't hire everyone at a low level and then promote the most successful, and why there isn't more competition between colleges for established star professors.
Shorter summary