At some point, the PET needs to become what economists describe as “actual PET,” meaning that inflation and COLA adjustments are already normalized to some fixed time. As it stands, there has been enough volatility in the relatively short IBE (insane buyout era) that we don’t yet need to quibble with the math.
Came here to say basically this, there needs to be either an inflation adjustment or a moving average to provide context relative to the era the PET happens in.
Sorry Alex, the econ nerds have logged onto the chat.
Just calculated my total salary over the past decade in PET. I am sad now.
At some point, the PET needs to become what economists describe as “actual PET,” meaning that inflation and COLA adjustments are already normalized to some fixed time. As it stands, there has been enough volatility in the relatively short IBE (insane buyout era) that we don’t yet need to quibble with the math.
This is a crucial point, thanks
Came here to say basically this, there needs to be either an inflation adjustment or a moving average to provide context relative to the era the PET happens in.
Sorry Alex, the econ nerds have logged onto the chat.
Actually, the index doesn’t need to be pegged to the BLS official data, but rather the median salary for P5 head coaches.
And now, another wrinkle — buyouts for assistants!
Does this mean that the highest paid state employees in Alabama, Arkansas, and South Carolina are being paid NOT to work? Will Tennessee be next?
It does indeed mean that
How many totalPET's would KU have made since 2008? Since Weis? Since Miles to Go?
The IMF doesn’t count that high.