So why don't they move to professions that pay better???
Most are lazy. They prefer some of our universities where nobody cares about your performance,what time you come in, whether you mark CAT papers etc. They will lecture from recycled notes dating back to 1998 yet so much has changed.
Why don't they move to other institutions where people are paid 500K?
Answer:Most lecture in 3 or so universities (165*3=495K).
Formally employed people often live their employers' dream & forget about their own.