This semester my university has a lot of PhD students that are to afraid to graduate or can't be supported by their professors due to a lack of funding. So because of this there are a lot of PhD students forced to teach this semester. Of course this means that there is a huge flood of TAs this semester which the school can't afford. As a result, we are all taking about a 15% pay cut this semester. Just curious if this is happening to anyone else in the US? I always thought academia was always relatively immune to the effects of recession, but I guess not.