Balaji Viswanathan

Exploring the Exploding Costs of Education and Medical Services

The professor's salary is still less than a wall street banker, a doctor or a mid level manager in a technical firm. We have to understand that a Professor has to undergo 10+ years of education, then slog hard for 5+ years as an untenured Assistant Professor, before earning that much. If the Professors earn too low, then you won't have qualified people applying for faculty positions and that will pull down the quality of the entire education system.


On Nov 10 06:56 AM Mowog wrote:

> Gracious! If the average professor earned $60K in 1992, what is it
> now? Considering the number of fluff faculty and course, some serious
> staffing trimming looks overdue. I've heard one problem in academe
> is that professors aren't retiring; they prefer to hang on as professors
> emeritus earning fat salaries and teaching few classes. Ending tenure
> would help bring college costs down, which is what is happening in
> Japan, where the number of incoming students is dropping (and will
> continue to do so for years).