The Pope Center has released a study on faculty compensation in the UNC system:
The North Carolina General Assembly allocates funds for faculty compensation. For the 2007-2009 biennium, Erskine Bowles, UNC president, is seeking $87.8 million to boost faculty salaries. This paper will cast doubt on the need for this increase. It will provide empirical information useful for legislators, administrators, taxpayers, and others.
Professors at Triad-area universities are paid pretty well, ranking at or above the mean and median for peer instiutions.
