3 ms·
I find myself having binary reactions to virtually all of Thiel's positions: I either strongly agree or strongly disagree. I guess that's what his methodologica
by api 6y ago
I find myself having binary reactions to virtually all of Thiel's positions: I either strongly agree or strongly disagree. I guess that's what his methodological contrarianism generates.
I agree with this one. Not only are college costs out of control, but the fact that colleges have seen tuition increase much faster than inflation while simultaneously decreasing the number of real tenure track positions and other academic positions should be a national scandal. It's borderline fraud.
What the hell is all that money going toward? As near as I can tell it's unnecessary vanity buildings, executive salaries, and runaway bloat in administrative offices. It's going toward everything but real tenure track professorships, better teacher/student ratios, and everything else a university should be doing.
- sradman 6y agoSee The Baumol Effect by Alex Tabarrok [1]: > After looking at education and health care and doing a statistical analysis covering 139 industries, Helland and I conclude that a big factor in price increases over time in the rising price of skilled labor. The interesting question, in my mind, is why the United States is an outlier compared to other advanced nation states. [1] https://marginalrevolution.com/marginalrevolution/2019/05/the-baumol-effect.html https://marginalrevolution.com/marginalrevolution/2019/05/th...