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Thursday, June 23, 2022

Faculty Salaries Fall 5%, The Biggest One-Year Drop In History

Chronicle of Higher Education, Faculty-Pay Survey Records the Largest One-Year Drop Ever:

Average full-time faculty salaries decreased by 5 percent in the 2021-22 academic year when adjusted for inflation, the largest single-year drop in the 50 years that the American Association of University Professors has tracked academic wages.

AAUP, The Annual Report on the Economic Status of the Profession, 2021-22:

  • From 2020–21 to 2021–22, average salaries for full-time faculty members increased 2.0 percent, consistent with the flat wage growth observed since the Great Recession of the late 2000s.
  • Real wages for full-time faculty fell below Great Recession levels in 2021, with average salary falling to 2.3 percent below the 2008 average salary, after adjusting for inflation.
  • Real wages for full-time faculty members decreased 5.0 percent after adjusting for inflation, the largest one-year decrease on record since the AAUP began tracking this measure in 1972.

Inside Higher Ed, Inflation, Inflation, Inflation

https://taxprof.typepad.com/taxprof_blog/2022/06/faculty-salaries-fall-5-the-biggest-one-year-drop-in-history.html

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