Financing Canadian Universities: A Curious Story (Part 3)
Yesterday, we saw that Canadian student-faculty ratios rose by 24% between 1992 and 2010, even though operating grants per student went up by 20%. The cause, it turned out, was a combination of individual academic salaries rising, while aggregate academic wages fell, as a proportion of operating grants. What we didn’t do yesterday was ponder why academic salary mass didn’t keep up with operating grants, and where the money went as a result. Figure 1 – Operating Expenditures by Category,