Recent news articles have discussed the salaries of Oregon university officials. One article informed us that the union representing university professors is demanding pay/benefit increases and restrictions on online courses (undercutting their own usefulness). Another discussed a dispute of the reported pay of OSU President Ed Ray. Many in the left-leaning university systems are outraged — and perhaps rightly so — by the ridiculous salaries paid to big corporate leaders that at times cost thousands of average people their jobs. But is there a double standard here?
With student debt and college costs at all-time highs, the obvious money grab by top university officials and educators is galling. When the President of the U.S. earns $400,000 plus a $50,000 expense account, is a university president worth $600,000-$700,000? This averages out to more than $50,000 per month, similar to what many college grads make a year (if they can find a job). Again, it appears the educational elite are demanding more from the private sector to line their own pockets. And this at the expense of our taxpayers and young people. One report in a recent Bloomberg article says the cost of a college degree has increased over 1,000 percent in the past 30 years!
Education Secretary Arne Duncan told the Associated Press last June that lowering college costs needs to be a priority for the whole country. A good start is to control the exorbitant salaries/benefits now being handed to many at the top of the university system.