Coupled with the quickened pace of productivity growth, wage and benefit moderation has kept growth in unit labor costs subdued in the current expansion. This has both damped inflation and allowed profit margins to reach high levels. That, in turn, apparently was the driving force beginning in early 1995 in security analysts’ significant upward revision of their company-by-company long-term earnings projections.
▪ Last, but not least, we must proactively explore opportunities for funding the investments on a sustainable basis, that are needed to deliver desired outcomes for the next 75 years. Everyone has a role to play here, and we must all join forces to ensure that our university is able to provide educational facilities and experiences for students that shape them into world leaders.