It is no secret that the economy has been rocked by the pandemic. Economic recovery over the last three years has been rocky at best. Inflation has hit four-decade highs, … Continue reading “Inflation Has Taken a Bite Out of Faculty Compensation”
It is indisputable that the U.S. faces the worst inflation in 40 years, an outcome that seemingly no one was predicting a few years ago. The impact on Americans of … Continue reading “Inflation Will Hit Universities Hard”
TANSTAAFL. There Ain’t No Such Thing As A Free Lunch. That’s the pithy way that economists convey the idea that there are always costs associated with the goods and services … Continue reading “New Study Analyzes the High Cost of College”
Many college leaders speak as though the upward cost spiral is permanent and unavoidable. From experience, I can say that’s not true.
Tuition increases at American colleges began in earnest in the 1960s and ’70s, when I was a mathematics professor and later dean at C.W. Post College. The first changes driving the increases were the reductions in teaching loads.