Has the college academic job market always been highly competitive and elitist?

@Nhatrang Good point. I’m at a small LAC. We don’t have graduate students. So no, I don’t work more than 40 hrs/week. And I don’t teach any summer courses so I’m not even close to 40 hrs/week for 3 months in the summer. I should also point out that I’m in a Humanities field, so I don’t have to deal with lab research.

^^^This. I’m one of the youngest professors in my department. I have been teaching there for 15 years. I won’t give my age, but I have two children in high school. I’m not young at all. My department has several professors that are in their 60s, and none plan to retire anytime soon. We had one professor retire last year at 79, but that was only due to health issues. He was absent from class so often that he was politely asked to consider retirement. We’re conducting a search for his position now, and it’s the first TT opening we’ve had in over 5 years.