3 ms·
> Think rent control for tuition. The only thing economists from every politic view can agree is horrible?
by tick_tock_tick 3y ago
> Think rent control for tuition.
The only thing economists from every politic view can agree is horrible?
- jurassic 3y agoThere's no direct comparison to be made with housing shortages. The only scarce educational resources are those that convey high prestige, and there's no way to manufacture more of that through higher tuition payments because it's the scarcity that makes it prestigious. Harvard would be just as prestigious if it were free to attend as if it were $100k/yr to attend. Whereas in housing, if you had people lining up to pay $100k/yr, you'd be throwing up new buildings as quickly as possible. In general there is a an oversupply of higher education capacity due to demographic downturn and a decline in enrollments since 2010. Smaller colleges have been closing because they cannot attract enough students.