{"id":78897,"date":"2022-02-14T10:15:16","date_gmt":"2022-02-14T15:15:16","guid":{"rendered":"http:\/\/danielschristian.com\/learning-ecosystems\/?p=78897"},"modified":"2022-02-14T10:51:40","modified_gmt":"2022-02-14T15:51:40","slug":"another-component-of-the-perfect-storm-within-higher-education","status":"publish","type":"post","link":"http:\/\/danielschristian.com\/learning-ecosystems\/2022\/02\/14\/another-component-of-the-perfect-storm-within-higher-education\/","title":{"rendered":"Another component of the perfect storm within higher education?"},"content":{"rendered":"<p><a href=\"https:\/\/www.shrm.org\/resourcesandtools\/hr-topics\/compensation\/pages\/wages-and-salaries-up-5-percent-for-private-industry-workers-in-2021-bls-reports.aspx\" target=\"_blank\" rel=\"noopener\"><strong>Wages and Salaries Up 5% for Private Industry Workers in 2021, Less Than Inflation<\/strong><\/a><br \/>\n&#8212; from shrm.org by Stephen Miller<br \/>\n<em>Labor costs increased at the highest rate in two decades<\/em><\/p>\n<p><em>Excerpt <span style=\"color: #800000;\">(emphasis DSC)<\/span><\/em><span style=\"color: #800000;\">:<\/span><\/p>\n<p style=\"padding-left: 40px;\"><span style=\"color: #800000;\"><strong>However, when adjusted for inflation, &#8220;constant dollar&#8221; private wages and salaries\u00a0<em>fell\u00a0<\/em>1.9 percent for the 12 months ending December 2021.\u00a0<\/strong><\/span><\/p>\n<p class=\"shrm-Element-P\" style=\"padding-left: 40px;\">Consumer prices rose 7 percent year-over-year in December 2021, the largest 12-month increase in nearly 40 years, the BLS reported on Jan. 12, adding pressure on employers to raise wages going into 2022.<\/p>\n<p><em><span style=\"color: #800000;\">From DSC:<\/span><\/em><br \/>\n<span style=\"color: #800000;\"><strong>Real wages not keeping up with the rate of inflation here in the United States&#8230;this doesn&#8217;t look good for the higher education industry here. This could be yet another component of the perfect storm within higher education.<\/strong><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Wages and Salaries Up 5% for Private Industry Workers in 2021, Less Than Inflation &#8212; from shrm.org by Stephen Miller Labor costs increased at the highest rate in two decades Excerpt (emphasis DSC): However, when adjusted for inflation, &#8220;constant dollar&#8221; private wages and salaries\u00a0fell\u00a01.9 percent for the 12 months ending December 2021.\u00a0 Consumer prices rose [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[842,61,115,57,36,3,825,321,214],"tags":[],"class_list":["post-78897","post","type-post","status-publish","format-standard","hentry","category-alternatives","category-business-side-of-he","category-colleges","category-cost-of-getting-a-degree","category-future-of-higher-education","category-higher-education","category-law-schools","category-united-states","category-universities"],"_links":{"self":[{"href":"http:\/\/danielschristian.com\/learning-ecosystems\/wp-json\/wp\/v2\/posts\/78897","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/danielschristian.com\/learning-ecosystems\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/danielschristian.com\/learning-ecosystems\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/danielschristian.com\/learning-ecosystems\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/danielschristian.com\/learning-ecosystems\/wp-json\/wp\/v2\/comments?post=78897"}],"version-history":[{"count":3,"href":"http:\/\/danielschristian.com\/learning-ecosystems\/wp-json\/wp\/v2\/posts\/78897\/revisions"}],"predecessor-version":[{"id":78900,"href":"http:\/\/danielschristian.com\/learning-ecosystems\/wp-json\/wp\/v2\/posts\/78897\/revisions\/78900"}],"wp:attachment":[{"href":"http:\/\/danielschristian.com\/learning-ecosystems\/wp-json\/wp\/v2\/media?parent=78897"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/danielschristian.com\/learning-ecosystems\/wp-json\/wp\/v2\/categories?post=78897"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/danielschristian.com\/learning-ecosystems\/wp-json\/wp\/v2\/tags?post=78897"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}