This. Despite the amount students pay, it is not even remotely the full cost of the degree. In some universities 9k covers less than half of the cost of the degree, which is cross-subsidised by other funds in the university - for example conferencing income generated from summer business.
Presumably the university income comes partly from government funding councils?
No, this was withdrawn by the government when full tuition fees were introduced, apart from in a very few STEM areas. And even the full tuition fees don’t cover the full cost of the degree.
I’m not on the MAB this year, but historically it’s been one of the few ways staff can apply pressure on the universities in the face of catastrophically declining conditions in the sector. Those who still think it’s a job with nice hols and pensions and decent salaries are decades out of date. Junior academics can often expect to do merchant banker style hours for around 30-36k if they’re very lucky, and for below minimum wage piecework or a series of one year fixed term contracts if they aren’t. And no, this isn’t clear upfront when young people begin on a PhD which may take up to 6-7 years to complete.
Pay has declined in real terms by more than 30 percent just since the financial crisis. Use of precarious staff has rocketed. Stress is horrendous. And no, we were not furloughed during Covid - we were online delivering even more content electronically. Whilst still homeschooling, etc. No recognition of this by managers, who largely pretended it wasn’t happening (my manager did not ask me even once how I was during the pandemic despite working insane hours and having Covid twice).
If you’re going to get pissy at lecturers, at least get your facts right about the sector. If you just think they deserve the low pay and crap conditions because they “chose to have low market value” (something which was actually said outright to me once in a meeting by our chief financial officer), then at least own it. Why aren’t the serfs doing their job? They chose these conditions, so why are they complaining? My child expects what they paid for! Only, then you also need to acknowledge that it’s you who is being entitled — to treat education like a “package” you buy in Sports Direct no matter how the shop workers get treated. That’s what you’re going to get, though, if that’s how you treat it.