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[quote=Anonymous][quote=Anonymous]
For the record, I never said anything about having a "high-powered" academic career. In fact, I'd be thrilled to have an exceedingly low-powered academic career. Honestly, I love teaching and working with students. 
[/quote]

so, that qualifies you to be a lecturer or adjunct, and universities prefer to pay adjunct rates where possible (basically using ABD and post-docs as slave labor). The actual business of most universities is focused on grants, and most of the effort is expended on *obtaining* grants. however, even on already awarded many-year contracts the federal gov via NSF and NIH and USAID is defaulting on existing grants. the resulting effects on academia will be devastating, especially at the higher-profile universities. universities with big endowments might be able to redistribute money to keep some labs and departments afloat but is going to be hard. i worked as staff in the computer department of a large university and on the invisible back end my actual employment was tied to the overhead of a rotation of grants, and i was abruptly let go when one grant didn't renew.

thats's going to cascade, a lot. this is going to be economically much worse for the country than 2007/2008.[/quote]

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