Oops, sorry for that insensitive headline, but it certainly applies to higher education these days:
In the fall of 2004, 50.6 of professional full-time employees in higher education (excluding medical schools) were faculty members. In the fall of 2006, for which data were released Tuesday, 48.6 percent of professional, full-time jobs in higher education were held by faculty members.
Now we know why tuition has gone up 800 percent during the time the CPI went up only 300 percent, and while the quality of teaching was nose-diving (Group of 88, anyone?).