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Regular market forces don't hold for college tuition for a number of reasons. Chief among these being that many students are paying with loans. Secondly, some s
by hagy 6y ago
Regular market forces don't hold for college tuition for a number of reasons. Chief among these being that many students are paying with loans. Secondly, some students and their families view education as a veblen good, whereby higher price implies even higher value.
- malandrew 6y agoI know that. I wasn't addressing college. The OP was talking about in his profession, which I think was safe to assume was a different industry/profession.