Here is the punchline:
“The Department of Chemistry and Biochemistry at UCLA seeks applications for an Assistant Adjunct Professor on a without salary basis. Applicants must understand there will be no compensation for this position.”
At first I was pondering “These wages are not sticky downwards,” and then “These wages are sticky downwards.” Or how about “Tax them anyway”? “Solve for the ZMP equilibrium”?
I thank several loyal MR readers for the pointer.