Comment by analog31

>>> The "deal" often being made with academia is "we'll give you a place to do research, and even fund your research, but you have to teach the next generation." This isn't a bad deal, and is the reason many scientists give up MUCH larger paychecks that they'd get from the private sector to be a professor. These people would rather do research than have a more directed engineering (or engineering research) role that the private sector would give them.

Teaching graduate students. Most undergraduate teaching is done by "adjuncts" who do not do research.

Salaries are a mixed bag. Scientists who want to continue doing research in the private sector also give up much larger paychecks. Many work in facilities that are barely nicer than sweatshops.

Disclosure: Adjunct for one semester, 30 years ago.