> Its most expensive employees, tenured faculty... Someone has not paid much attention to the past 20-30 years of developments. Faculty salaries are a falling

> Its most expensive employees, tenured faculty... Someone has not paid much attention to the past 20-30 years of developments. Faculty salaries are a falling proportion of university spending. The current cost drivers are administration (both size and salaries) and capital outlays. For example, the University of California system spends only 30% of its budget on faculty salaries (that includes non-tenured faculty). And faculty are rarely, with the exception of med schools employing star surgeons, among a university's most highly paid employees. Look at what the top administrators make in comparison.