A silly little question, but I feel the need to ask. Considering the recent
level of emotion, is anyone, at all, planning on attending the Chancellor's
reception's for new faculty?

Katheryn A. Thompson PhD
Assistant Professor of Spanish
Foreign Languages & Literatures




At 11:35 AM 9/2/2003 -0400, Fritz Efaw wrote:
>At 10:40 AM 9/2/2003 -0400, Ronald Smith MATHEMATICS wrote:
>>I just read Harold Climer's response to Charles Lippy's email and I think
>>the raises he mentioned for  "fulltime faculty and staff" should be put in
>>perspective from a statistical point of view.
>>
>>Since October 1994(the famous election year raise), the percentages below
>>represent the percentage raises of a fellow UTC tenured faculty member who
>>has kept his pay stubs  over the past 9 years (it excludes the $300 raise
>>for health insurance this past year and exceptional merit which have not
>>been given since who can remember). I daresay that it probably mirrors the
>>raises of the majority of the faculty over this period.
>>
>>August 1996     2.12%
>>January 1998    2%
>>January 1999    2%
>>August  2000    3.5%
>>August  2001    2.5%
>>January 2002   2.5%
>>January 2003   2%
>>
>>This computes to a compounded raise of 17.84181% over a period of 9 years.
>>That is,
>>(1.0212)(1.02)...(1.025)(1.02)=1.1784181
>>
>>This total % raise computes to an average raise (compounded) of 1.84% per
>>year
>
>Thank you, Ron, for making explicit the degree of salary cuts.  Over the
>past nine years the Consumer Price Index has gone up by 23.92183%, or 2.41%
>per year.
>
>In other words, our salaries have FALLEN in purchasing power by about six
>percent over the last nine years.  How many universities in the country can
>make that claim?
>
>[Well, in fairness, your longevity pay has also risen by $900 in the last
>nine years.  But unless you're paid under $15,000, you still lose!]
>
>Fritz Efaw
>Economics professor
>University of Chattanooga (the scenic city),
>Tennessee (greenest state in the land of the free),
>U.S. of ever-lovin' A.