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Off topic, but: Supply and demand says that, if university enrollment drops sharply, the price of a university education should go down. That sounds like good
by AnimalMuppet 1y ago
Off topic, but: Supply and demand says that, if university enrollment drops sharply, the price of a university education should go down. That sounds like good news to me.
- ewuhic 1y agoIn a homo economicus world. They will jack the prices up for the remaining few.
- thijson 1y agoHere in the USA, education at some schools is kind of a luxury good. When the price goes up, the demand increases.
- solatic 1y agoUniversity enrollment doesn't drop sharply evenly across all universities. The lowest-desirability universities will go bust while the Ivy League continues to have hyper-competitive admissions and yearly tuition increases that outpace inflation.
- bix6 1y agoExcept it won't because a degree is a gate and people will pay whatever is demanded of them for it. Numbers go up never down.