The educational system in the US was a highly predictable victim of the neoliberal reaction, guided by the maxim of "private affluence and public squalor." Funding for public education has sharply declined. As higher education is driven to a business model in accord with neoliberal doctrine, administrative bureaucracy has sharply increased at the expense of faculty and students. Cost-cutting leads to hyper-exploitation of the more vulnerable, creating a new precariat of graduate students and adjuncts surviving on a bare pittance, replacing tenured faculty.