History News Network | University Presidents Are Laughing All the Way to the Bank While the People Who Work for Them Are on Food Stamps:
"The rapidly-rising tuition at public and private institutions has sent student debt climbing to unprecedented levels. In 2012, students owed a staggering $1.2 trillion, an amount that surpassed Americans’ credit card debt. "
The $2,700 per course for adjuncts seems high for some schools. At my college, the tenured faculty have a strong union and a very good contract, yet they have stubbornly resisted including the adjuncts in their bargaining unit. As a result, the adjuncts are subsidizing the tenured faculty and if you look at total revenue per courses for each instructor, ALL of the full-time faculty lose money for the college. I know of several cases where a PT faculty member is carrying a student load that's 55% of that of the FT faculty member in the same department yet being paid less than 20% of the FT faculty member's salary. (And we won't even mention fringe benefits like an office and health care.) The income inequality between tenured and non-tenured is even more startling than for presidents.
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