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This comment is why I mentioned the part about charities, where we expect people who are on a mission to do it for peanuts and a shoestring budget or else they
by MattGaiser 5y ago
This comment is why I mentioned the part about charities, where we expect people who are on a mission to do it for peanuts and a shoestring budget or else they are not virtuous.
>I'm not sure how involved/aware of US universities you've been in the past 20+ years but this just isn't true. Tuition costs have skyrocketed because when you can't ever get away from student debts it turns out there's lots of people willing to lend you unlimited funds.
I didn't say it was going to tuition, just academia. Academia is a lot more than flocks of students in a lecture hall.
> And yet the amount of money going into research and pedagody hasn't really grown at all.
It has at Harvard. Would surprise me if it hasn't at the other listed schools as well.
https://www.statista.com/statistics/697606/rnd-expenditure-harvard-university/ https://www.statista.com/statistics/697606/rnd-expenditure-h...
> The pay of top administrators at Harvard is actually determined by the Harvard Corporation, and in addition to incredible benefits and sweet lifetime deals they're all making well over $500K a year in salary.
So the leaders of one of the most important academic institutions in the world make the same as a middle career software engineer at a FAANG? If anything, they seem underpaid.
> HMC, a wholly owned subsidiary of Harvard is even more ridiculous, with the top 5 bureaucrats all earning between 4.5 and 6 MILLION dollars a year in salary.
Because that is what people who manage 40 billion dollars earn. We go back to expecting charity people to earn fractions of their market rate.