economic meltdown for academics

graphically explained

PhD Comics illustrate
h/t Chad

it is a good point actually, read the depression era literature - after the few rich who got their trust funds out, the tenured academics rode out the depression relatively well

in fact my entire neighbourhood is mostly depression era houses, built for faculty, who were pretty much the only people with an hundred miles or so who could afford to pay construction workers and architects

hmmm, it really could all be relative...