At the faculty meeting on Thursday Dr Stacy alluded to the fact that UTC
employees would receive a "two percent salary increase."  Last year the
increase in consumer prices was 2.4 percent, which means the paychecks are
in reality DECREASING once again.  In addition, the premium for health
insurance has increased, so that the same amount of money buys less health
coverage than before.  In effect, this is a cut in fringe benefits, a
further pay cut.

Meanwhile, it has been reported in the media that Dr Stacy is due for a
$26,000 pay increase, none of which will be subject to Social Security or
Medicare tax, the regressive flat tax which for some of us is more than we
pay in income tax.



Fritz Efaw,
Emma Goldman Distinguished Professor of
Political Economy and Inorganic Psychology.