Wednesday, November 16, 2011

HIgher Education Price Index Rises....

 The higher -education index known as the HEPI measures the average cost of what colleges pay for each year, from administrative salaries and dental plans to cafeteria food and electricity as well as supplies and material cost. In 2010 supply and material cost rose by 9.4% from a minus -1.3 percent in the fiscal 2010. The utility cost which are oil and gas related rose by 13% during the fiscal year. The only thing that maintained the same or declined was the administrative salaries and service employee salaries.  It seems rather odd to me that the one thing that maintained or declined is something that is controlled by the administration itself. It seems to me that institutions are constantly finding a way to cut peoples salaries so that they can save some money. Rather than cutting salaries why now find a way to get cheaper supplies during the course of the year why don't they put a play in place to keep the gas and electric bills from climbing on a average of 13%. Seems like institutions have the wrong focus when it comes to saving money. I hope that one day somebody will step in and start to pay professors and administrators what they are worth  and when it comes time to show  little austerity they will first look at other things to cut back on rather than the salaries of those responsible for educating the students of the future.

Chris

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