Higher ed is a real microcosm for the American political economy. Revenues -- mostly tuition -- have skyrockted (these are inflation-adjusted numbers): lawyersgunsmoneyblog.com/2021/03/univer… 
But despite what the Republican nominees on the board of trustees might like to believe faculty compensation has actually *declined* during this period:
Mean salaries for full-time faculty have increased modestly, although far less than the growth in revenue, but far less faculty are full-time, and part-time faculty are generally compensated with starvation wages.
So [extreme Martin Sheen in Wall Street voice] WHERE THE HELL DOES IT ALL GO? Well, admins are of course making out like bandits:
To take a random example, here's what those Morningside Heights gangsters are paying the rest of their upper admin [cure "but $850,000 is barely a lower-middle-class salary in Manhattan!]:
And it's not just admins that are getting all of the fruits of massively increased tuition bills -- there's also consultants, contractors who build climbing walls and new dorms, etc. Whee!
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