Bad News for College Professors

Michael Mandel

The four year decline in the real earnings of college graduates is bad news for their professors. The past 10-15 years has been a golden age for college faculty--there was a strong demand for their primary product (college graduates), who were willing to pay steadily rising tuition to get the crucial diploma. As a result, real salaries for continuing faculty have risen every year since 1982.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.