INOMICS Salary Report 2020
How Has the COVID-19 Coronavirus Pandemic Affected the Academic Sector?
Although we’ve been told time and again that the pandemic doesn’t care about who you are, in reality it hasn’t affected everyone equally. Senior Editor William Pearse has already written about how COVID-19 has been harder on those from ethnic minorities and on poorer communities in the UK.
But the coronavirus has also affected economic sectors differently. How the pandemic hit the private and academic sectors, for example, has been highlighted by the ongoing INOMICS Salary Survey. The full results will be released in early 2020; however, we can already begin analysing which sectors were most affected.
A difference of extent
Every sector has been affected in some way, whether that means people having had their hours reduced or having lost their jobs completely. For our study, we designate someone as being affected if they either lost their job, their salary or hours were reduced, a contract was not extended or planned promotion was delayed or cancelled. This doesn’t include workers who have moved to remote working but maintained the same contract.
However, the private sector has been hit harder than the public. Nearly half of those working in the private sector - 47% - have had their jobs affected by the pandemic, in comparison with precisely one-third of the public sector. But it’s the academic sector which came out the best according to our survey: only 28% of those working in academia reported having had their hours reduced or having lost their jobs as a result of COVID.
Specifically, just 3% of those working in academia have been made redundant. 8% have had their hours reduced, and another 8% have had their salaries reduced. This shows that the academic sector is more resilient to the pandemic than both the public and private. Perhaps this is because many teachers have had to continue teaching even if classes moved online.
The Anecdotal Evidence
Still, the academic sector has experienced other problems. One of our respondents wrote
My promotion is postponed because my research has stalled, I cannot go for visiting research stays in universities and research institutes locally and internationally. And without research, my work has been made redundant as I now do mostly teaching, lecturing and administrative work online from home.
Some in the sector also noticed inconsistencies with how the problem was being dealt with. For example, PhD students, who are required to do extensive amounts of research, were often not able to travel or even use libraries. While a pause may be frustrating but isn’t necessarily a huge problem, some were given extensions to finish their research which weren’t long enough. One student wrote that they were unable to conduct research on their dissertation for six months, but were only given a two month extension to their deadline.
Others who are more involved in teaching were able to carry on, as many seminars and lectures began to be held online. This meant the majority of these people were able to carry on working, albeit under vastly different circumstances to which they were forced to adapt.
Not out of the woods
The pandemic is still very much ongoing, with second lockdowns coming into force in many parts of the world. Although there is talk of a vaccine and governments ostensibly know how to handle the crisis better, the struggles of those working in the academic sector are far from over. Many will remain unable to do their research or lose funding, and more may lose their positions or be forced to work fewer hours if the pandemic doesn’t ease up. Only time will tell.
- Natural Resources
The Value of Nature’s Services to Modern Economies
These factors of production from nature hold the core of all economies’ potential output, which therefore makes our economy dependent on the life-support systems of our planet. Even businesses seemingly removed from raw materials - like software-as-a-service companies - depend on power generated from natural sources.
- How the Crisis is Opening Opportunities for the Profession
COVID-19 and the Economists’ Redemption
In summary, your majesty, the failure to foresee the timing, extent and severity of the crisis and to head it off, while it had many causes, was principally a failure of the collective imagination of many bright people, both in this country and internationally, to understand the risks to the system as a whole.
- Out With the Old?
The Life of Rational Economic Man
However, despite pillaging the planet and endangering our existence, we still find time for solidarity and charity, betraying a nature seemingly as generous as it is destructive. Recent events draw attention to this paradox, coronavirus triggering swells of heart-warming community spirit as well as the hoarding of toilet paper. Which leads to the question: given such a paradox, what, if anything, does it mean to be human?