I've been surprised by people who stay in academia but have salaries circa 1998 up til this day. I have a feeling it is more about having respect, being appreciated, and being allowed to do what they love. I've also seen situations where the university does not have a base salary because they feel that you are being lent the name of the university is sufficient for you to stay, and expect physicians to generate money as if they were in private practice (but still the dept taxes, and clinic overhead still applies) - some stay because of other benefits (kids can go to college for free IF THEY GET IN, or some kind of loyalty towards the university). But of course, for the segment of people who really need the money, or feel that their division chiefs really don't appreciate what they do (lack emotional intelligence among other things), they eventually realize that they have to quit academia or move to another academic center with better salary structure and support.
I've been surprised by people who stay in academia but have salaries circa 1998 up til this day. I have a feeling it is more about having respect, being appreciated, and being allowed to do what they love. I've also seen situations where the university does not have a base salary because they feel that you are being lent the name of the university is sufficient for you to stay, and expect physicians to generate money as if they were in private practice (but still the dept taxes, and clinic overhead still applies) - some stay because of other benefits (kids can go to college for free IF THEY GET IN, or some kind of loyalty towards the university). But of course, for the segment of people who really need the money, or feel that their division chiefs really don't appreciate what they do (lack emotional intelligence among other things), they eventually realize that they have to quit academia or move to another academic center with better salary structure and support.