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...average annual tuition and fees for a private college exceeded $22,000—a 200 percent rise over the last 30 years. Meanwhile, the real income of the median U.S. household has only risen 30 percent; today, only half of all households have incomes that exceed the average private college tuition. At the same time, entry-level pay in many fields (including public service) has declined since the early 1970s, while housing costs have escalated sharply, particularly in major cities, where many of the public service jobs are located...
...people), the income gap is getting worse because the rich are getting richer while the poor are actually losing ground. According to the O.E.C.D., Japan is now second to the U.S. among developed countries in terms of relative poverty-the proportion of people living on 50% less than the median income. The gap is readily apparent in spending patterns. The only two categories of automobiles to show sales growth in Japan last year were ultra-cheap minicars and luxury imports...
...longer than ever to wed. But the rise in marrying age almost exactly mirrors the rise in life expectancy. In 1970 the average American woman could expect to live 74.7 years; by 2003 she could expect to make it to 80.1--a 5 1/2-year difference. Similarly, in 1970 the median age at which women first wed was 20.8; in 2003 it was 25.3--a 4 1/2-year difference. Women are waiting to get married longer at least in part because they are living longer...
When the Census Bureau announced last August that northern Virginia's Loudoun County had become the nation's most affluent, with a median household income of $98,483, it was something of a shock to locals. Loudoun is far from exclusive: a third of its 255,000 residents arrived in the past half-decade. The median house sells for $440,000. These Loudounites are not trust-fund babies or Wall Street zillionaires but youngish professionals with kids to raise and mortgages...
...recommendations deserve particular attention from the full Faculty. First, the Task Force’s recommendation to create monetary and career path incentives for good teaching are on target. Currently, there is almost no incentive for good teaching. Teaching awards don’t consistently lead to above-median pay adjustments, and professors who gain distinction as teachers by being appointed to prestigious Harvard College Professorships do not see immediate bonuses. Faculty members will never be encouraged to focus on their pedagogy until their efforts translate into more than titles and pats on the back. Instead, we support the system...