3 ms·
I don’t think that’s true. It looks like the US has pretty similar spending to European countries at least as a percentage of GDP: https://www.oecd.org/content/
by eapressoandcats 2y ago
I don’t think that’s true. It looks like the US has pretty similar spending to European countries at least as a percentage of GDP: https://www.oecd.org/content/dam/oecd/en/publications/reports/2017/09/education-at-a-glance-2017_g1g7f6b6/eag-2017-en.pdf https://www.oecd.org/content/dam/oecd/en/publications/report...
- wyager 2y ago"As a percentage of GDP" is doing a lot of heavy lifting there. Why would we normalize this to GDP?
- bdangubic 2y agowhat would we normalize it to? not saying you are wrong in any way, just curiously wondering?
- wyager 2y agoThere's no a priori reason you would expect student expenditures to become less effective per dollar in richer countries, except the fraction spent on labor.
- eapressoandcats 2y agoEducation is almost entirely labor and real estate. It’s a classic Baumol’s cost disease situation. Like I guess richer countries can purchase better computer labs? So yeah, it’s probably true that the US spends more per pupil because we have a higher GDP per capita, but it’s not clear that we should expect to get a lot more out of it.
- einarfd 2y agoBecause a lot of it is salaries and other employee benefits.