You've read about the catastrophic decisions that school districts are having to make. In my city (San Jose, CA) more than 1,000 teachers were given pink slips today.
I teach at San Jose State University, part of the California State University system, the largest higher-ed system in the US. Our university president is saying we'll have "no layoffs," which is technically true. People like me will NOT have our "temporary contracts" renewed. We won't be "laid off;" we just won't have jobs in the fall.
The problem I'm seeing is one small example of how "Greed is Good". How much do you think our tax-payer funded university administrators make? $80,000? $100,000? More? How about university presidents? $100,000? You might be shocked. More on the flip.
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