Yesterday I talked to one of my advisers about the state of economy as a whole and our school's financial situation in particular. He told me, with pride, that, despite the global economic turmoil, the school is expecting to raise professors' pay by a few percent this year. And just a few days earlier I saw an article where it was announced that our school, once again, raises tuition. I asked him how he felt about struggling families being forced to pay even more despite that many of them are struggling financially. His response was like: "Well, this school is going to lose its top-notch faculty members if they stop paying well. For example, I constantly get good offers from other schools and if I the pay I get here doesn't satisfy me I may leave".
And then they tell doctoral students that people who decide to pursue PhD are not interested in money...
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