Re:Universal Basic Income is Capitalism 2.0
by bart_spoon on Friday July 31, 2020 @08:52AM
(#24008114)
They've all increased, but the rate at which administration positions has increased dwarfs that of professors and students. According to the figures in the article cited here, administration positions grew at 3.5x the rate that professors have, and 2x the rate that students between 1975 and 2005 [0].
[0] https://washingtonmonthly.com/magazine/septoct-2011/administ...
The rapidly increasing headcount growth, including professor headcount growth is driving the increased cost which is driving increased borrowing.
Universities need much bigger class sizes, many fewer professors, and many fewer administrators. Overall headcount at universities needs to shrink by ~70% to get the cost back inline.
No politician, or university president is going to say that because it would be so brutal to oversee. But... students are suffering with massive debt loads and someone is going to have to make the right choices to cut those costs.