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Feom what I understand of these universities with endowments they use money to hire administrative staff and to "last forever". Teaching staff is secondary to t
by vasco 3y ago
Feom what I understand of these universities with endowments they use money to hire administrative staff and to "last forever". Teaching staff is secondary to those.
- chefandy 3y agoYes. They lay off scores of staff in nearly every economic downturn. There's a whole lot of 'blah blah blah' about why they can't use the endowment to avoid screwing people who've given decades of their professional life to Harvard, but I think it mostly comes down to their wanting a big shiny endowment balance long after everyone on earth right now has died.