Wednesday, August 25, 2021

American Association of University Professors report declining salaries, rising university debt - Nathan M Greenfield, University World News

A recent report by the American Association of University Professors (AAUP) confirms tough times for higher education staff and institutions in the United States, over and above COVID-19. The report charts the first decline in academic salaries in a decade. The $336-billion debt universities and colleges have amassed is a ticking time bomb for the sector. Adjusted for inflation, salaries for full-time faculty fell by 0.4% in the academic year ending in the autumn of 2020, says the AAUP. The previous decline was back in 2011, when the US had not fully recovered from the Great Recession that began in 2007.

https://www.universityworldnews.com/post.php?story=20210813112321174