Feels almost like the minor league / major league situation in professional sports. Minor league baseball players are generally not paid a living wage, and major league players start around half a million dollars a year. Obviously many players are doing everything they can to reach that dream job (even if most fail).

That idea of being a comfortable tenured professor at a great school is a dream for many. And obviously, many don't make it, lot of folks are going to just drift around as adjunct professors, scraping by, taking second jobs. But as long as SOMEONE is getting to be a full professor at Stanford, lots of people are going to think, "that could be me", and get exploited along the way.