That doesn't jibe well with tuition increases at an unbelievable scale (40% from 2000 to 2005 according to Marc Bousquet - http://howtheuniversityworks.com/wordpress/who-benefits-from...). The California State University system has seen tuition increases of 55% since 2002.

And I tend to agree with his analysis: money is flooding to an ever-increasing administrative layer while more and more classes are taught by "cheap" adjunct faculty who have zero job security and no opportunity for professional development. In his estimates, and for sure at the California state school I am most familiar with, adjuncts are now teaching 70-75% of courses, compared with rates as low as 20-25% in the past.

(Disclaimer: I'm a former adjunct university teacher :)