We are a commune of inquiring, skeptical, politically centrist, capitalist, anglophile, traditionalist New England Yankee humans, humanoids, and animals with many interests beyond and above politics. Each of us has had a high-school education (or GED), but all had ADD so didn't pay attention very well, especially the dogs. Each one of us does "try my best to be just like I am," and none of us enjoys working for others, including for Maggie, from whom we receive neither a nickel nor a dime. Freedom from nags, cranks, government, do-gooders, control-freaks and idiots is all that we ask for.
Adjunct faculty are the serfs of the higher ed industry. Generally speaking, and excluding the "studies" hires, these are very bright people who have either lacked the genius, or the political savvy, to achieve the cushy life of academic tenure. They also tend to be people for whom, ironically, life outside the non-profit bubble seems frighteningly competitive with frighteningly-measurable results.
I once imagined the idea of an academic life, but quickly learned that I was not a genius even though I have some flair for teaching and perhaps a bit of a calling for it. I might have been a beloved and valued private secondary school teacher, but that turned out not to be my fated path. It could be a good retirement path for me, however. I could teach Civics, history, Art History, Law, Latin, and Government, and I can coach Baseball and Soccer. That won't happen, though, because life is too short for everything and retirement from my post is not on my agenda. I like being the boss of me and I do not like answering to anybody.
Instead of paying for tenured professors, universities are paying for administrators. This is old news.
The oversupply of Ph.Ds. is old news. After the postwar boom, with the expansion of doctoral programs, supply of doctorates exceeded demand by the 1970s. When I was an undergrad 4 decades ago, I worked as an aide in a hospital. A fellow aide had a husband who was a grad student in English. Her husband saw the writing on the wall and developed a program for alternate careers for English Ph.Ds- ad agency, what have you. I repeat: this was four decades ago. Ironically, he ended up getting a job as a tenured prof.
Why people get into doctoral programs these days with the intention of becoming a prof in a field that already has an oversupply of Ph.Ds. is beyond me. But then I didn't like jumping through the academic hoops as much as many did.