MnSCU's minimum wage solution
July 27, 2009
by Ron Salzberger | July 24, 2009 • Today the federal minimum goes to $7.25 an hour, a jump of 70 cents, or 11%, from the old rate of $6.55 in effect since this same date a year ago.| Cabbages and Kings is a multi-author TC Daily Planet blog that offers space to interesting but hard-to-categorize blog submissions, in the sole discretion of the editors. |
But the Minnesota State Colleges and Universities (MnSCU) system's not worried. It has figured out how to offset wage increases while holding costs down. It’s just a matter of picking the right beneficiaries.
MnSCU has given the MnSCU Chancellor an additional $32,000 bonus on top of an annual salary of $360,000, but citizens needn’t worry about the MnSCU system’s solvency. The Chancellor's four hundred grand compensation package is nicely offset by freezing the wages of all faculty and staff salaries. (While tuition will increase only three percent in the next two years, it will soar when the stimulus funds dry up.) Any other shortfalls will be remedied by not filling positions now vacant: those additional students that show up in a recession can just chat with even more classmates per section. Another social networking bonanza.
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