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If that is what they are earning without burdening thousands of students with unsustainable debt over their careers than I'd argue nothing is wrong with it. Fo
by wtvanhest 7y ago
If that is what they are earning without burdening thousands of students with unsustainable debt over their careers than I'd argue nothing is wrong with it.
For example if the salary is 100% from NIH grants and the prof makes 500k, more power to them.
If the prof makes 100k and all their salary is funded by student loans, then they should decide whether their livelihood is worth the externalities they are creating.
Its a moral choice
- lazypenguin 7y ago150k/year. Let’s assume the professor teaches 4 units per semester and maybe 2 in the summer (or research or some equivalent). Comes out to 15k/unit. Let’s say 15 students per unit just to represent smaller classes comes to $1k/unit/student/year. Each unit is like 3hrs/week for 12 weeks on average. So comes out to something like $28/hr. Doesn’t seem unreasonable to me. Average course load for a student is like 6 units a semester so using the back-of-the napkin math above it should cost roughly $6k/per semester for students to have a full course load of $150k professors. $12k/year + other expenses is a far cry away from $100k that is being charged.
- wtvanhest 7y ago$12k a year is completely unacceptable. Other costs are also unacceptable. Colleges charge $500+/month for shared rooms. And require freshman to stay in them. Nevermind the fact that your math misses several major cost categories like building maintenance, fringe benefits for professors (+30% of salaries at least). In your hypothetical example, students are paying $20k/year before getting ripped off on the cost of the dorm and meal plan. If a prof is making 150k, class sizes need to be 300+ and they need to teach 1,000 kids a semester