The federal and provincial governments have been underfunding universities for decades. Recently, universities were able to start recruiting foreign students to make up for the shortfall, but it looks like that money tap will be turned down. It doesn't look like there's a plan to make up for it.
At the same time, the feds want to
recruit more than 1,000 top international researchers to Canada, with the budget injecting up to $1.7-billion into a suite of recruitment measures.
That'll be tough if universities see their income crater.
There is too much bloat. I've seen first hand essentially glorified admins being paid $130k + full pension. They need to trim the fat at these places and restructure operations to get rid of all the waste.
No public institutions in Canada pay the pensions of people employed there. The pension funds are user contributed and the mandatory contributions allow no RESP savings.
Many departments between education and research have budgets exceeding $100M/yr...you want to put that in the hands of anyone making under $250K? Good luck.
Back to the National Post comment section with you.
I don't want secretaries, alumni officers, event planners, making $130k, and being able to comfortably retire at 55 on a defined benefit plan, no.
Plenty of MBAs in this country that manage budgets larger than that, make less than half that with no pension.
Sounds like you're the only one that reads that paper between the two of us
Got that right. The head of our local college was making $400,000 a year before he retired. This is a small town college not a university, and that kind of income is ridiculously high for a college president in a town of 60,000. Thats double what our premier makes.
On the other hand, I did a little digging and compared to other English speaking nation universities, Canada is actually bottom of the list for paying our university presidents: https://higheredstrategy.com/wp-content/uploads/2024/01/Figure-6.png
I'm sure private universities in places like the US are included in those figures
Both for this and for healthcare.
The nurses are struggling to get a fair deal while somehow the billions a year put into healthcare goes where exactly?
Not to the front line staff, I'll tell you that much.
And I get it, materials and equipment isn't cheap but between nurses salaries and material costs, and the occasional multi-million dollar piece of equipment.... I just don't see where it's all being spent. Between the middle and upper management, there needs to be an overhaul.
Education on every level isn't dissimilar.
Hell, most government services need a review, at the very least.
Health care money is very notoriously being withheld from hospitals, and gets redirected to private clinics at several times the cost to taxpayers. This is not the situation in education. We don't have a massive pay-to-play tier of Universities. They're all non-profit.
Okay, right after you explain why Real Estate agents are millionaires.
I'm with you on that, the job should not exist anymore