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That isn't what happens in reality. It's interesting comparing hospitals with universities, since both are supposedly non-profit but make obscene amounts of mo
by nabnob 7y ago
That isn't what happens in reality.
It's interesting comparing hospitals with universities, since both are supposedly non-profit but make obscene amounts of money. In the past 15-20 years, both universities and hospitals have increased their administrative staff and the percentage of revenue that goes towards paying administrators, and invest the increased revenue into new fancy buildings and a "better experience", treating their students/patients as customers instead of people who need education/healthcare. Universities have been relying more heavily on adjunct professors, who are paid very little compared to full time professors. The money they make is not being reinvested into education (or better healthcare, in the case of hospitals).