I'm surprised how very few departments within most universities actually make money. If you had a company where most products lost money you would stop producing them. Universities have a lot of departments and degrees that bleed money. I don't understand how anybody thinks that you can have good wages like this. I worked as an Econ professor and visiting academic in top Business Schools in Latin America and the East…
Why are you judging universities as a business? Profit is not everything my dude. You seem to be biased due to your background as an economist.