Reported by Inside Higher Ed, if you take the 40-year high inflation rate into account, our effective wages for full-time faculty dropped 5% this year. The problem? Most institutions don’t have the means or the stomach to dole out 5% raise increases across the board. Of course by not doing so, they run the risk of their most talented employees to try and find greener pastures. That’s why Carnegie Mellon University is offering a short-term measure to eligible employees in a one-time $1,500 stipend.