2 ms·
If private industry are using inflated (in the short term) valuations and low tax rates to fund a talent war, but publicly funded educational institutions can't
by webmaven 8y ago
If private industry are using inflated (in the short term) valuations and low tax rates to fund a talent war, but publicly funded educational institutions can't compete by increasing funding (through governments raising taxes or printing money), then the playing field isn't exactly level, is it?
- wskinner 8y agoUniversities are nonprofits and pay little / no taxes.
- webmaven 8y agoYou missed the point: Raising government taxes increases the funding available for those institutions.
- GuiA 8y agoPublicly funded educational institutions can compete by reassigning some of their budget dedicated to sports and administrative roles to their researchers, for starters. For instance, the public US university I attended for grad school has an endowment of about $1B, and spent ~$150M on athletics in the past year. A post doc salary there is about $40k a year. Why would anyone take this over $200k a year (with lots of sweet perks) at eg Google? Because they are passionate about academic research (and potentially teaching), something that the university is very aware of and has no problem using to their advantage. Talking about level playing fields here seems disingenuous.
- webmaven 8y ago> Publicly funded educational institutions can compete by reassigning some of their budget dedicated to sports Athletics programs are a huge driver of both alumni donations and student enrollment. Unfortunately. Not to mention licensing revenue from apparel and the like. > Because they are passionate about academic research (and potentially teaching), something that the university is very aware of and has no problem using to their advantage. This was more effective when the pay disparity was smaller.