(From The Weekly Standard):
By James Piereson
According to a report released in April by the American Association of University Professors, the gap between the salaries of faculty at private and public universities is widening. The AAUP’s “Annual Report on the Economic Status of the Profession” stated that at public institutions full professors’ salaries averaged $130,039 and assistant professors’ $77,446 in 2014, while at private institutions the average salary of full professors was $177,600 and assistant professors $95,312. The salary gap has been growing year by year and decade by decade as a reflection of the growing wealth gap between public and private universities.
Even while the rest of the economy struggled over the past few years, college and university endowments did reasonably well, surging by an average of 11.7 percent in 2013 and 15.5 percent in 2014, according to the National Association of College and University Business Officers. While a few public institutions, such as the University of Texas system, possess large endowments, private institutions hold the overwhelming proportion of billion-dollar-plus endowments and have disproportionately benefited from the most recent six-year bull market in stocks. CONTINUE READING HERE