Full-time faculty raises finally beat inflation, just barely

With the dollar’s declining value taken into account, new data shows that real wages grew by half a percent. But pay remains well below pre-pandemic levels, and full-time women and part-timers continue to receive less than others. For the first time since the pandemic began, the average salary has risen for full-time U.S. faculty members after adjusting for inflation, according to the American Association of University Professors’ annual pay survey. But while that’s welcome news, the raise was small—only about a half-percent uptick from fall 2022 to this past fall. 

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