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"What's wrong with poor performance leading to poverty?"

- It incentivizes fraud.

If the only way to avoid a McDonald-level job is a ground-breaking paper, you'll be willing to fake that ground-breaking paper, especially since if you're caught, you can still get the McDonald-level job sooner or later.

I am referring to a lot of current conditions, where adjunct professorships are paid at close to bare survival wages and "superstars" get substantial compensation.




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