Following the Money: Where is it NOT going?
Textbooks and Professors
Data show that 75.9 cents of every dollar students pay for textbooks will be received by the publishers. From this, 11.5 cents will be forwarded to the authors of the textbooks. This leaves 64.4 cents out of every textbook dollar (or almost 65%) that will be retained by the publishers.
In 2011, 50% of the faculty at degree-granting institutions was full-time. In the past ten years, full-time faculty salaries at public two-year institutions have decreased by 2.5 percent.
50% of the faculty at degree-granting institutions was adjunct or part time. Adjunct faculty have no benefits, no job security, and no guarantee of number of classes or schedules. They often have no office, no access to copiers, computers, phones or college e-mail system.
American Association of University Professors. AAUP. “A Very Slow Recovery: The Annual Report on the Economic Status of the Profession, 2011-12.” http://www.aaup.org/reports-publications/2011-12salarysurvey
Institute of Education Sciences. National Center for Education Statistics. Digest of Education Statistics. Table 290. Number of instructional faculty in degree-granting institutions, by employment status, sex, control, and level of institution: Selected years, fall 1970 through fall 2011. https://nces.ed.gov/programs/digest/d12/tables/dt12_290.asp
National Association of College Stores. “Where the ‘New’ Textbook Dollar Goes”, www.nacs.org/public/research/higher_ed_retail.asp.