Which Professor Is Better Off? The starting salary for a new assistant economics professor was $15,000 in 1976 and $102,000 in 2014. The value of the CPI for 2014 was 236.7, compared to 56.9 in 1976....

Which Professor Is Better Off? The starting salary for a new assistant economics professor was $15,000 in 1976 and $102,000 in 2014. The value of the CPI for 2014 was 236.7, compared to 56.9 in 1976. In which year did a newly hired professor earn more in real terms?