Honestly, I feel that our younger faculty, although extremely talented, can take or leave the job, in the psychological sense at least, more readily than me and especially my senior colleagues who have been retiring over the last few years. They seem less agitated by real problems, but I think they are more trained to not let it get to them any more than any other job. Better therapy maybe.
I am not sure if this is meant as a criticism or not, since it seems to be a much more healthy way of looking at things. I am also not entirely sure if it is true. That said, it would seem that in many fields at least, younger faculty have already had to make peace with the fact that they were very unlikely to have got a faculty job in the first place, and having got one, that it is not unlikely that they wouldn't end up working in academia their entire life.
In my personal case, after I graduated with a PhD in history, I spent more than a decade in precarious and casual jobs (adjunct, visiting professor, etc.) before I got a non-academic job and made my peace with the fact that I was never going to be an academic. Then through luck, I got hired on the tenure track. I managed to get tenure. Now my university is going through a major crisis, and tenured faculty have been made redundant, assistant professors have not been reappointed, and all searches have been called off. In conversations with my peers, there is a consensus that if we get laid off, there is very little chance of ever getting an equivalent position again and that we would probably find something outside of academia.
On top of it, in the past period my job has become less and less personally fulfilling as my teaching load has gone up (both in the number of courses and in the number of students), the amount of service has increased, and things that make the job either more enjoyable (money for travel) or bearable (secretarial assistance, postage, books in the library) have dried up.
I wouldn't say that we can take or leave the job, but rather that we have reconciled with the fact that it is very likely we will have to leave it, whatever our desires. Most of my friends who went to graduate school, whether or not they got the PhD, have found employment outside academia (or at least outside the tenure track). Again, this is not all by choice.