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> You just made college out of reach for everyone that isn't already wealthy Immediately yes, fortunately, there is a supply and demand curve, so if you cut th
by smileysteve 7y ago
> You just made college out of reach for everyone that isn't already wealthy
Immediately yes, fortunately, there is a supply and demand curve, so if you cut the demand for a bunch of colleges that already exist; then the price should find a new equilibrium. Of course, as is the science of economics, time and outside influences matter.
- marrone12 7y agoSo what do you say to all the people for who college will be out of reach while the market "equalizes"?
- smileysteve 7y agoThe same thing we're telling financially concerned people now; public colleges, community colleges, trade schools. Fortunately, in a low unemployment world, also means that hiring should be very elastic to this change.