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But none of those things have risen at the same rate, or even comparable rates. The increase in childcare has kept up with the average wage increase, but educat
by freeone3000 6y ago
But none of those things have risen at the same rate, or even comparable rates. The increase in childcare has kept up with the average wage increase, but education is hundreds of times more! I don't even know how you'd price medical care, as everyone is effectively charged differently, even for the same service. Housing doesn't track either of those -- purchasing follows literally nothing, renting follows local wage. So what's going on here?
(As a note, local wages have risen less than the government's calculation of inflation, which is primarily food and secondarily consumer goods)
- throw0101a 6y ago> […] but education is hundreds of times more! You're not wrong, but I ran into an interesting observation: yes the prices for many high-end institutions have gone up, but those are 'list' prices. How many people pay list? How many people get bursaries and offsets from endowments? I'd be interested in seeing those stats.