GasBandit, I'd sure like to know where you get your information about professors.
I think you're stretching your point a lot. I don't think your 80/hr a week point applies to the vast majority of people. Yes, I do think (and I'm pretty sure I can find plenty of support to back me up) that most people in general coast through life in work or otherwise. Otherwise, everyone would be a financially successful wizard. And don't even try to bring in raises, work week hours, and personal financial risk. I didn't bring those things up because I knew they were common to both. Seriously, where are these magic professors you're citing working? I want to go to that university, and not the three I've worked at.
I call you on "quarterly reports", too. That's hardly the same thing. Balancing a budget is NOT the same thing as creating one completely anew every time you start a completely new project.
I, like most professors, only get a nine-month salary. For three months, I entirely subsist on grants. Yes. And if I don't bring in what's called "overhead" to the university with those grants you apparently think are given to me, I can look forward to not getting those raises you apparently don't think we have to compete for or tenure.
For the record, I never COMPLAINED about having to teach. I love teaching. But it is yet another job. You're demonstrating a pretty common misunderstanding of a professor's role. My job is primarily research. I was told that when I was hired. It's in the faculty handbook. I even have a percentage chart that shows me that I should be devoting at least 60-70% of my time to research. I wasn't hired as a teacher. I was hired as a researcher who teaches. Just like most professors.
YES. Grants are sink or swim. Try writing one sometime, then meet me back here. Give me something besides an eye-rolling smiley to back that up. I can sure tell you it is. Most government grants are on a quarterly review cycle where you HAVE TO SHOW RESULTS to a panel of people who actually know what you're talking about. This is the real world, not some movie where you can make up research and expect to float. I have had TWO DoD grants pulled from the principal investigators I have worked for--and not because my work wasn't valid, but because there was something the panel felt deserved the money more than our idea. That's not a few fickle customers gone. That was our entire budget. I had to get a new job (in private industry, by the way, where I had the easiest time of my life, getting raises, and coasting from paycheck to paycheck--fatter checks than I ever had in academia, and without all those side problems to worry about). DoD isn't the only grant agency following this model.
Finally, I call you on the tenure thing. Maybe in the 1950s that was a magic shield. But it's not anymore (see the Chronicle of Higher Education for any number of articles on how the have re-worked tenure or found ways around it). There are requirements to maintain tenure. And unless you want to remain at the same level of salary until you retire, you still have to perform for raises. Also, it's not like seniority doesn't at least carry some weight in industry. I have to work my fingers to the bone for 7 years to even be considered for tenure, by the way. That's AFTER having a 3 year post-doc just to qualify for consideration to the professor job in the first place. Sure, you can get a job without one if you want to work at a small school or at a community college. So that's 10 years before tenure.
Also, don't forget I had to prove myself to get this job in the first place. I had to devote 10 years to school, plus 3 years to a post-doc. The freedom and flexibility I get didn't come for free. Isn't "working for rewards" something you conservatives love too? Oh, and after that, me the 100s of other eligible geology/geophysics Ph.D. in the country competed for the same 10 professor openings. I won, after making rounds of cuts and finally being subjected to 3-day-long interviews at every school I made it into the finals for.