What will a $15 an hour minimum wage mean for higher ed?
Reported by Education Dive, 14% of private institution staff and 8% of public institution staff currently make less than this $15 an hour.
And with several states moving to this mandate along with federal conversations about a nationwide wage law, many institutions are concerned with what these forced increases will mean from a staffing perspective without any increases in higher education budgets.
The takeaway? Will a mandated increase in minimum wage force higher ed to start staffing fewer of these employees? Or will revenue-dependent institutions put an even deeper focus on enrollment growth to make the numbers work?
May you continue to fight the good enrollment growth fight at your institution today, and we’ll see you again tomorrow.
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