Purchasing Power Declining for U.S. Faculty
Small pay increases haven't matched rising costs of food, housing, etc. As a result, faculty's purchasing power has declined. For full professors, it's a loss of nearly $12,000 between 2020 and 2023.
Small pay increases haven't matched rising costs of food, housing, etc. As a result, faculty's purchasing power has declined. For full professors, it's a loss of nearly $12,000 between 2020 and 2023.