HIGHER EDUCATION BUBBLE UPDATE: Higher Ed Faces Existential Threat: Numbers And Salaries Are Down For Tenure-Track/Tenured Faculty, Way Up For Administrators; University Long-Term Debt Is Up 71%.

And note the administrative bloat: “From fiscal year 2011–12 to fiscal year 2018–19, the numbers of staff classified as “management” increased 12 percent per FTE student, real average salaries increased 7 percent, and salary outlays per FTE student increased 19 percent, including an extraordinary 24 percent increase in real salary expenditures per FTE student in public colleges and universities.”

All is proceeding as I have foreseen.