Virginia Tech, a public university in the United States, is on a recruiting spree this year, hiring at least 1,400 people in the past month alone.
But the $2,500-per-month salary, which is tied to a position with a salary range of $300,000 to $450,000, is far more than what any other public university offers its employees, and far more money than what most colleges offer in-house.
And the amount of money a company can get for that kind of salary is so much higher than what Virginia Tech gets for a similar position at a competitor, said Tom D’Ambrosio, director of the school’s Center for Labor Research and Education.
D’Ambro is an adjunct professor of economics at Virginia Tech and a frequent guest on CNBC’s “Squawk Box.”
The school has not released the salaries for any of its staff members, he said.
Dillinger, a former Virginia Tech faculty member, was a co-author of the book “The Myth of the American Dream,” which argues that if you’re willing to work hard, you can succeed in America.
The book has been widely cited and has been sold more than 100,000 copies.
The book argues that a high-paying job requires years of education, persistence and commitment.
The American dream is based on work, not on a paycheck.
And so when they say that the American dream, they are saying that you should aspire to be an engineer or an entrepreneur, said Jillian Stein, director at the University of Michigan Center for Research on the Workforce.
The university is trying to encourage people to think that this is a real American dream.
Dollard, a native of England, has been a visiting fellow at the Peterson Institute for International Economics and an associate director at The Heritage Foundation.
He is also the author of a book, “The American Dream: The Rise and Fall of the Modern American Dream.”
The institute said in a statement that the institute had not yet seen the “dollard book” but that the authors “understand the need to create a more inclusive environment at the university.”
The book also argues that it is “time for a real reckoning” and that there are more than 50 million people who are “lazy” and “unable to get a decent-paying, high-quality job.”
D’Ammosio said he was surprised by the pay.
“It’s not what they’re paying for at the other institutions,” he said of the universities.
The median salary at Virginia’s public universities is about $61,000 a year, he added.
Dellinger’s salary was not disclosed, but according to the book, it was $1,600 per month.
The salary for a full-time professor is typically $60,000 annually.