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Friday, June 16, 2023
Inflation-Adjusted School Salaries Proceed To Plummet
AAUP Updates, AAUP Reviews Third Consecutive Yr of School Wages Falling In need of Inflation:
As we speak, the AAUP launched the 2022–23 Annual Report on the Financial Standing of the Occupation, which presents key findings from the AAUP’s annual School Compensation Survey. Knowledge assortment for the survey concluded in March 2023, with almost 900 US schools and universities offering employment information for greater than 370,000 full-time and 90,000 part-time college members in addition to senior directors at greater than 500 establishments.
Key Findings
- Regardless of will increase in common salaries of 4.1 % for full-time college members from fall 2021 to fall 2022—the best one-year improve since 1990–91—actual common salaries decreased 2.4 % after adjusting for inflation.
- Actual common salaries have declined sharply for 3 consecutive years, with a cumulative lower of seven.5 % from fall 2019 to fall 2022.
https://taxprof.typepad.com/taxprof_blog/2023/06/inflation-adjusted-faculty-salaries-continue-to-plummet.html
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