Mid-day Update

PODCAST: The legacy of Margaret Thatcher, a growing salary gap

Jeremy Hobson Apr 8, 2013
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Mid-day Update

PODCAST: The legacy of Margaret Thatcher, a growing salary gap

Jeremy Hobson Apr 8, 2013
HTML EMBED:
COPY

Margaret Thatcher, Britain’s first female Prime Minister, died Monday from a stroke. She was 87. Known as the “Iron Lady” for her strong and uncompromising leadership style, Thatcher led a conservative economic resurgence in the U.K. during the 1980s. Thatcher, who served office from 1979 to 1990, reduced the power of labor unions, privatized state-owned airlines, car companies and other assets, and championed financial deregulation. As a result of the so-called “Thatcher revolution,” Britain became more entrepreneurial, and according to some, more efficient.

First quarter earnings come out as the stock markets hit all-time highs. But investors could be more interested in what happens the rest of the year. There are two words that sum up Wall street’s mood for first quarter earnings: Cautiously optimistic.

A new report out today by the American Association of University Professors reveals a widening salary gap between public and private university professors. Given the dismal outlook of State budgets across the country, public universities will have to find a way to compete for talent with fewer resources than their private counterparts. For a doctoral professor at public research university the average salary this year is $123,393. That same professor at a private university makes just over $167,118. It’s a gap that’s grown since last year.

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