It's hard for people to really grapple with the reality that college professors are working class. While plumbers and HVAC entrepreneurs are the new millionaire class.
Dr. Holly Walters
"Depending on sector and institutional type, presidential compensation ranged from roughly three times to more than five times the average salary of a full professor. That ratio remains one of the clearest illustrations of the widening gap between executive compensation and faculty pay."
This year's Annual Report on the Economic Status of the Profession finds that faculty salaries are still losing ground to inflation and expands data collection on part-time faculty pay.
