The Economics of the Professoriate
Thanks again for listening in to
Your Shadow Advisor, a weekly
program about navigating higher
education from a first
generation person of color
perspective. I'm your host,
Professor Darrel Wanzer-Serrano.
It's been a week. So I'm back
with another micro episode
teasing themes that I'll tackle
on the show. This week, I want
to talk briefly about who
becomes professors and why that
matters. About a month before
you're hearing this, the
Washington Post published a data
focused story about socio
economic diversity in the field
of economics. The TLDR of that
piece is that economics
specifically, but academia
generally tends to be dominated
by people with generational
knowledge about higher
education, and the financial
affordances, like generational
wealth to take a fulfilling job
that's not as lucrative as
others that are available. In
other words, professors tend to
come from families with
professors or parents with
advanced degrees. They also tend
to come from families with a
financial resources and
generational wealth, where it
doesn't really matter if they
can work a different job making
25% more, because they don't
need that cash. If you're a nerd
like me, and I know that you
are, you'll want to click
through to the working paper by
Boar and Lashkari, called
"occupational choice and the
intergenerational mobility of
welfare," where they show their
work to come to that conclusion.
Links for the WashPo story and
those studies are in the
shownotes. If also like me, you
come from a working class
background and seek to join the
professoriate, then you're
really defying the odds, you're
having to contend with a host of
economic pressures that would
almost inherently steer you away
from joining academia, not to
mention all the other pressures
related to the hidden curriculum
that further stack the deck
against you. Is it worth it?
Honestly, I don't know. And
there definitely isn't one
answer for everyone. But that's
why I'm here as Your Shadow
Advisor. So that's it for today.
The official first episode will
air on August 24. In the
meantime, if you have a
question, send it to questions
at your shadow advisor.com or
head to the website to submit an
audio question that I might air
on the show. Until then, please,
please, please subscribe to the
podcasts on Apple podcasts,
Spotify, or whatever app you
use. And if you're feeling up to
it, share this with your friends
and give me a five star rating.
Thanks again for listening in.
I'll be back with another quick
message next week.