[mattkrause]

I'm gonna go out on a limb and say that above-market faculty salaries are not a major issue.

[alexpetralia]

I would argue its headcount growth (not salary per employee), but admittedly I could not immediately find data for this.

Edit: Also upon looking through the Trinity College financial statements, a huge portion was categorized as "Other", which included consulting fees, travel, interest expenses and various other expenses.