The common wisdom is that universities, bloated with tenured professors, are ripe for a market correction; “higher-education bubble” now has its own Wikipedia page. Yet a deeper dig into the numbers—itemized in a pair of studies by the College Board and the foundation-funded Delta Cost Project—shows that the bubble is actually a pair of unrelated phenomena: Call them the Great Harvard Chase and the State-Funding Plug Pull… And it’s not faculty salaries that are to blame: The Delta Cost Project, a just-completed five-year effort to track college spending, found that average full-time salaries at public universities have remained flat since 2002, while pay has increased only slightly at private institutions. And fobbing off more courses on low-cost adjuncts and part-timers has likely led schools’ faculty costs to go down, if anything.

Read full article [here].
by Neil deMause, The Village Voice.

Posted: January 4th, 2012, by: admin. Categories: . Awaiting Comments.