Tuition at colleges and universities are soaring (click here for story about UC schools), but, apparently, faculty are not receiving the benefits, at least not lately. The New York Times reports on the annual salary survey conducted by the American Association of University Professors:
“Over all, salaries for this academic year are 1.2 percent higher than last year, the smallest increase recorded in the survey’s 50 years — and well below the 2.7 percent inflation rate from December 2008 to December 2009.
The survey found that average salary levels actually decreased this academic year at a third of colleges and universities, compared with 9 percent that reported lower average salaries in the previous two surveys. Private and church-related universities reported shrinking average salaries more often than public institutions.”
Of course this leaves us to wonder where all the money is going from tuition hikes. The article notes: “Generally, administrative salaries at colleges and universities have been increasing far more quickly than pay for faculty members.”