Average salaries for full-time faculty at colleges and universities in the US increased by 4.1% between fall 2021 and fall 2022, according to a new report by the American Association of University Professors (AAUP). But the pay bump was no match for inflation.When the change in the Consumer Price Index is factored in, full-time faculty actually experienced a 2.4% drop in salary, marking the third consecutive year that academic wages have fallen.Between 2019 and 2022, faculty salaries saw a cumulative decrease of 7.5%. Inflation-adjusted wages are also 4.2% less than they were in 2008, at the height of the Great Recession.To explain the declines in salary, the AAUP report points to the COVID-19 pandemic, which contributed to rising inflation and heavily impacted student enrollment. The report also cites the inadequate levels of funding that states provide to institutions.
Monday, June 26, 2023
C&EN: Between 2021 and 2022, faculty salaries dropped 2.4% against inflation
In this week's Chemical and Engineering News, this news (article by Krystal Vasquez):
I can't say that I'm surprised, but this has got to be grim news for smaller college and university professors.