AAUP 2008-09 Report on the Economic Status of the Profession
Conclusion of the Report Summary:
The U.S. economy is experiencing its worst contraction in twenty-six years. President Obama has characterized the current economic situation as a “continuing disaster.” Although higher education has sometimes benefited from minor economic downturns that raise college enrollments without producing substantial declines in other sources of revenue, the current situation is an economic “tsunami” for academia.
Academia is a low-lying island amid the current economic turbulence. Yet even in this difficult situation, spending priorities must reflect our institutional mission to provide a societal benefit. Like the larger economy, we are on the brink, and it will be critically important for faculty members to participate fully in the difficult budget decisions to come. They must insist on full access to information, and take a critical look at claims about the need for immediate actions that will result in further demands on already strained human resources. Decisions about salaries, reductions in faculty positions and academic programs, and changes in the employment conditions of contingent faculty will affect the quality of the education we can offer for years to come, and we must ensure that the choices we make are good ones.
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