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A comment on Teaching college is no longer a middle-class job, and everyone should care. Parent comment

Re:Teaching college is no longer a middle-class job, and eve... by ForHackernews on Friday June 20, 2014 @09:07PM (#7923743)
That's not quite true: https://www.jacobinmag.com/2014/06/higher-eds-for-profit-fut...

"compensation of a single person like Zimmer now approaches the reported inflation-adjusted $3 million annual operating deficit that ended a community resource benefiting both medical students and trauma patients."

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Re:Teaching college is no longer a middle-class job, and eve... by dustcoin on Friday June 20, 2014 @09:42PM (#7923822)
UChicago spent $446M on academic salaries, $889M on staff salaries and $338M on benefits (not broken out into academic vs non-academic) in the the 2011-2012 fiscal year that Zimmer's compensation temporarily spiked to $3M. It is safe to say that over $1B was spent on non-academic salary and benefits (administration), which dwarfs both Zimmer's compensation and the $3M operating deficit.

http://finserv.uchicago.edu/pdf/2012FinState.pdf

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Re:Teaching college is no longer a middle-class job, and eve... by ForHackernews on Friday June 20, 2014 @09:46PM (#7923834)
Yes, you're correct that Zimmer's compensation is less than the total salaries of every other person employed by the university.

I guess we can argue about the meaning of the word "significant" now.

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