I'm curious, couldn't you shuffle how your time is split in acedemia to working less clinical shifts and doing more teaching, admin stuff? Or is that also something that takes time to achieve with rank? Additionally, how common is it to have other avenues to increase your earning potential? Since moonlighting seems to not be allowed, do most academic places compensate you for taking more call, shifts etc?
If you get a chance to read
Assume the Physician, it really is a fun way to learn how to see the dark spots in modern medicine and to find the bright spots, and become wise enough to know the difference.
There tends to be less clinical obligations in academia to make room for teaching and research. In my academic career, I generally split my time like this:
80% research, 40% clinical, 15% teaching, 10% admin. Yes those percentages don't add up to 100%, but unlike the administrators of academic centers, who think such should all add up to 100%, the reality is that they don't. I had my salary at 80% research based on my grant funding, but there were patients that needed to be seen that would take more than 20% of my time, and other things to do. You just find ways to do it all, of course. Just like anything in life. Academia can be highly flexible: from 0 percent research to 100% research. A teaching focus, vs a research focus, vs (later) an admin focus. There is now even available a Quality Improvement focus (barf central to me). in all my years in schools of various types, my brain was most stimulated by the people with whom I worked during my medial academic years. It is a great, not well paid, career, IF (and this is the trouble) IF you are creating value, doing good, and expanding the ability of people to pursue happiness. IF, instead, you are leeching off the taxpayer to perform intellectual hobbies, with no thinking at all about how to get the value to the patient (and it is VERY hard to get new devices and drugs to a patient) while you are putting down all industry and corporations and capitalists as evil people (even though they are the ones that get the improvements to the patients, then the life and time in academia will be valueless. I recommend instead that we look at each industry player--are they good or bad? We look at each individual academic player: are they doing good or bad. Treat everyone like an individual, not just as a member of a group. For example, if you might be a supporter of Occupy WallStreet, it is good to note that the 1% aren't all bad, not at all. Some are. What makes some of the 1% bad? The same thing that makes some of the 99% bad: the willingness to use force and fraud against a fellow human.
There are ways to supplement income. You can invent, patent, start "faculty startup companies" consult, do paid talks for industry, etc. There is remarkable flexibility in academia Get bigger grants, make more money. See more patients, make more money. (Doing a better job with each patient, knowing more, having better expertise does NOT make more money in most portions of the health care system, since it is so greatly (insanely?) price controlled.
Academics used to be all about individual faculty empowerment and innovation and voluntary synergistic cooperation to create wonderful new and imminently valuable knowledge, with the administration working for the faculty. It was really wonderful. There has been a shift that you do need to be aware of. Two shifts actually. The first is a strong shift to groupthink. Evidence Based Medicine is a great example of Groupthink. Sometimes useful certainly, often horribly misused. It has infiltrated academic medicine rather thoughtlessly. The second is that there has been a power inversion in academia consistent with the rest of US society: The administrators now are the bosses, and the faculty are employees. Power and control now comes from the top down, reflecting the country as a whole. It is hard to avoid as a Republic slowly converts to more imperial or oligarchical construct, as ours is doing. It is not just the government--it is culture wide, and certainly in medicine. Faculty now seek permission from Administration in ridiculous ways. But we doctors may complain, but don't do much to improve it.