Earlier quoted context omitted.
> Option b) is the path the universities took You're sort of right, but we aren't deliberately weeding out people. This year, I was on the hiring committee for a tenure-track mathematics hire in my academic department. The job market is extraordinarily competitive this year, and sucks rocks for candidates. It follows that we were able to hire somebody truly outstanding.
My question is what did you pay him? If the job market is really such a buyers market, instead of hiring one guy at $100k/yr, why not hire two at $50k/yr?
Whether fairly or not, I anticipate that any university attempting to pay below 50% the going rate would quickly get a very bad reputation. I would probably take a 50% pay cut to work at my dream institution, but I'm definitely in the minority (and also I don't have kids).