Relative Cost of Education
Briefly

"Professor salaries, especially at state schools, are often compressed. A full professor hired in the early 1990s might have a salary on par with a brand-new hire."
"Adjuncts usually receive no benefits and are cheap labor for higher education. They are perhaps the worst paid of the best educated."
"Complaining about the cost of education is legitimate: costs have increased significantly while there are increasing doubts about the quality and value of education."
"At a state school like Florida A&M University, a student will most often take a class from a person with a terminal degree, usually a doctorate."
University education costs have surged, but faculty salaries have not kept pace, particularly for state school professors. Salary compression affects long-serving faculty, leading to disparities with new hires. Adjunct professors, often underpaid and without benefits, contribute to the cost structure. While some star faculty command high salaries, they are not the main drivers of rising education costs. Concerns about education quality and the impact of AI further complicate the discussion around these costs, emphasizing the need for perspective on educational value.
Read at A Philosopher's Blog
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