Quote From satchi:
hi everyone, thanks for posting!
universities' effort to reduce expenses by hiring new phd-ers does seem unlikely (to me, that is). For instance, how can they reduce expenses when the fees keep going up?
Let's assume your starting salary as a professor is £52,000 per year.
Five years later, your university may pay you about £70,000 per year because of your increase in publications etc... (just an example)
However, if they decide to terminate your contract and employ another new phd at £54,000,
the university may "reduce expenses" by £70,000 - £54,000 = £16,000.