The ballots are out, the wheels are in motion. Union members have until Thursday 10 October to vote on strike action over the latest derisory pay offer of 1% (if you haven’t received a ballot, go here). The justness of the cause seems clear enough. Since 2009, every pay award has been several percentage points below inflation, leading to a consistent real terms drop in pay. And some of those paltry increases were only attained after negotiations. Yet, despite the protests from above (and excepting a brief dip in student numbers), British higher education is in fine financial health. The overall wage bill is decreasing at the same time that surpluses are growing. And for “growing” read “more than doubling”, from £488 million in 2007/8 to £1.1 billion in 2011/2012. Managers are reaping their rewards accordingly, and a significant portion of Vice-Chancellors are seeing their pay go…