Before Tenure took over in 1970, professoring was a fairly leisurely occupation. It didn't pay very well, but it also didn't require lots of time. Many profs had 'old money' or inherited property. They lived better with the money from profing, but they could survive for a while without it. Result: a lot less crap and (comparatively) more careful and thoughtful research. Now that graduates start with a lifetime of debt, maximum employment and maximum grants are desperately necessary for survival.
The current icon shows Polistra using a Personal Equation Machine.