At the beginning of this summer, I met and caught up with my one (Spanish) professor friend, who got tenure recently.
He says that the admin is drastically cutting down the number of graduate students per cohort, where soon you won't even be able to have enough people to run a proper seminar.
He also said that even though they still don't teach that many classes, the long-time profs are more and more teaching the (bigger and bigger) and (wealthier and wealthier) undergraduate population, which is especially glutted with students from abroad, who, of course, are presumably paying full tuition.
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