> A professorship is a prestige position … Berkeley can get away with paying their faculty barely enough to survive …

Per that logic FAANGs should be paying the least to their software engineers, since prestige..

Sorry, but while I’ll agree there may be something to it when comparing one university to another, it doesn’t add up when comparing a K-12 school teacher to a PhD faculty.

Moreover that was just an example, other universities’ salaries are similar..