For instance, many colleges have steadily increased their use of contingent, or non-tenure track, faculty.

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High-achieving nerds who spend a lifetime at the top of their classes discover that even if you earn that PhD, even if you earn it from an elite school, you might still end up fighting for professional scraps a non-tenure-track gig teaching third-tier students at a fourth-tier college in a cultural Siberia like Alabama or Arkansas.

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Universities are replacing tenure-track professors with non-tenured staff.

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Family businesses have leadership tenure four to five times longer than their non-family counterparts and carry much greater equity as they plan to responsibly reinvest in growing the company.

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In a competitive labor market (and, contrary to what many non-academics believe, the market for faculty is extremely competitive), tenure means that institutions do not have to pay faculty as much in the form of cash or benefits.

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