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"we could’ve eliminated student loan debt for ~20 million Americans. " Don't throw more money at schools. They will happily take the money and jack up tuition
by rqtwteye 2y ago
"we could’ve eliminated student loan debt for ~20 million Americans. "
Don't throw more money at schools. They will happily take the money and jack up tuition even more. There is no reason why tuition is going up at the pace it does.
- aimanbenbaha 2y ago> There is no reason why tuition is going up at the pace it does. There is and it's explained by Baumol's cost disease. Basically you can't sustain paying professors the same wage while productivity increases in other parts of the economy. Even if the actual labor of "professing" hasn't gotten more productive. You have to retain them by keeping up with the broader wage increases. And that cost increase gets passed down to students.
- rqtwteye 2y agoAs far as I know the money doesn't go to professors but to ever increasing administration and shiny buildings.