emergentfutures:

An astonishing statistic about higher education in the United States: up to 66% of all faculty teaching course at the university level are now adjunct professors receiving a minimal wage and no benefits. A recent PhD graduate from Washington University in St Louis (up the road from me) lays out the case for the university failing as an institution that improves standards of living and coordinates talent in an advanced industrial society. Instead, it’s a sort of Ponzi that enriches senior administration and entrenched faculty, while impoverishing almost all other participants……..

Full Story: Eric Garland

So, another day smarter and deeper in debt.