• kryptonianCodeMonkey@lemmy.world
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    5 months ago

    And yet UW president is pulling in over 1.1 million a year. And I doubt she’s the only overpaid one in the university administration.

    • CaptainPedantic@lemmy.world
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      4 months ago

      According to the state salary database, there are about 3 dozen UW employees who make more than $500,000 a year in 2022 (the most recent year published). A few are administrative staff, many are coaches for sports (which is very dumb), and a few are professors.

      Their total salaries sum to $32 million, which is a lot. But when you divide that across the total number of students, it comes out to about $580 per student per year. So even if you stopped paying these people, tuition would only go down about 5%.

      That’s assuming that these staff members don’t bring any value, which is not a good assumption. Many of these highly paid people would be highly compensated in this private sector–for example the manager of UW’s investments makes $1 million per year–so rightly or wrongly, the university must pay very high to retain them.

      As I said before, the university has received $400 million less from the state (adjusted for inflation) today than it did in the 1980s. The expense of highly paid staff is a drop in the bucket compared to the drop in state funding.