Think of Purdue University for a second like a giant pot of money. Yes, yes, some people already do. But bear with us.
Hypothetically, if the nation sees price inflation of any kind, the consumer price index goes up – and it has the last several years.
Now, if that giant pot of money isn’t being added to with even small tuition increases to keep up with inflation, is there more or less money in the pot to give to employees in the form of raises?