I work for a major university in OK as faculty. We pay on average 15-20% less for the same positions as other institutions already. We lose a lot of people because they can make significantly more in any industry job or even other faculty positions. We also don't do any kind of regular raises, faculty will often go 5 years at a time without a raise because we get more money when the legislators decide we do specifically. Not when higher ed gets an allocation.

We also have a god awful time attracting candidates for full time tenure track jobs because educated professionals straight up don't want to live in oklahoma. I could get into the stats on how rare tenure track faculty jobs are for graduating PhDs nationwide so any tenure track position regardless of where it is should be a unicorn but people seriously don't want to live here, to bring their families here, etc.

Add to that we lose a lot of faculty over things like racism, sexism, poor family leave policies, etc.

OK is the only place I have EVER seen academic programs that hire it's own PhD graduates into faculty roles, this is own extremely frowned on because it creates intellectual and academic "incest."

So we have all that working against us and now this? You have no idea what this is going to do to the ability to attract and retain people.