Faculty Pay – Is Higher Education Being “Devalued?”
Each year, the American Association of University Professors (AAUP) puts out a study on faculty compensation. This year’s study takes on a somewhat alarmist tone. Its title, “The Devaluing of Higher Education”suggests that there is some ominous trend at work that could make “faculty positions less appealing for the next generation of scholars.”
The difficulty, according to the AAUP researcher, is that in 2005-06, average faculty salaries increased less than the rate of inflation. While average gross pay rose by 3.1 percent, inflation (measured by the Consumer Price Index) increased by 3.4 percent. That’s a pretty small erosion of purchasing power and since the inflation rate was unexpectedly high – it had been around 2.5 percent for several years – it’s hard to see this as a serious “devaluing” of higher education. Rather, it looks like a minor bump in the road. The study doesn’t say whether there have been years when average faculty compensation exceeded the rate of inflation, but that has undoubtedly occurred.