Replacing Permanent Faculty

By Alex Usher. Last week, I wrote a piece about how the professoriate is aging and how these aging professors are taking up an increasing fraction of university budgets.  My back of the envelope calculation suggested that for the extra $1.15 billion we are spending on this group compared to 15 years ago, we might be able to hire as many as 10,000 new, younger profs and thus help renew the professoriate. More...